Net sales of $6,803 million were 26.6% ahead of last year, 24.5% higher on an organic basis with 1.8% from acquisitions and a further 0.3% from the impact of foreign exchange. Inflation in the first quarter was in the low teens.
Munch’s Supply a Chicagoland area-based heating, air conditioning and plumbing distributor, has acquired TML Supply and its 13 branches servicing the province of Ontario, Canada. This will expand Munch’s geographic footprint to 64 locations serving 16 U.S. states and one Canadian province.
I read somewhere that the most prevalent machine in the world is the electric motor. I thought about that for a while and it made sense. Just look around. But then I began to wonder what the second-most prevalent machine in the world is. Turns out it’s the pump! And most pumps are connected to electric motors of one kind or another, so there you go. Throw a rock and you’ll hit a motor. Or a pump. They’re everywhere.
The topic of labor has been front and center for quite some time now inside and outside of this industry. But it wasn’t until the recent Thanksgiving holiday break that it really hit home as to just how bad the current situation is. While waiting for my daughter to finish a recent fitness class, I decided to run a quick errand to mail a package. While driving down this road in an industrial park setting, business after business had roadside signs looking for labor — virtually every business on this busy road.
Plumbing and Heating Wholesale (PHW) announced the acquisition of Sioux City, Iowa-based industrial supplier Wigman Co.
Wigman will initially continue to operate in their current location under the same name, plans will be made in the future to identify a new home for Wigman Co. and the industrial team.
HARDI board of directors approved the restriction of up to $500,000 of HARDI’s reserve funds to establish a new “Legal Defense Fund” in case litigation is necessary to overturn policies that can have a negative impact on HVACR wholesale-distribution.
A highlight of its recent North American Meeting, the 2021 AD PHCP Business Unit Spirit of Independence Awards ceremony celebrated members and supplier partners in all three divisions who excelled in sales performance, marketing excellence, employee engagement, leadership and giving back.
Milwaukee Tool recognized Preferred Sales as Agency of the Year within the plumbing and HVAC channels at its National Sales Meeting this fall. Milwaukee Tool recognizes several agencies and individuals for outstanding achievement within the plumbing and HVAC channels. Award recipients are measured on consistent year-over-year sales growth, product knowledge, product conversions, promotional and merchandising execution.
The word “essential” has taken on a bit of a new meaning since the onset of 2020 and the coronavirus pandemic. When talking about how business behaved throughout the ups and downs of the past 20 months, many mention how thankful they were to be an essential business, and how this title allowed doors to remain open and business to continue.
Steve Rossi, director of government affairs at ASA, along with more than 1,800 engaged ASA members, are largely to thank for that.