After the transaction is closed, a cross-functional team from both companies will work together to integrate operations, according to Lauren Brey, Hughes Supply's director of corporate communications.
The Home Depot® unveiled its growth targets for 2010 at its annual meeting with the investment community in January. The company said it has targeted annual sales growth of 9 to 12%, driven by 400 to 500 new store openings over the next five years and by significant growth in its services business and Home Depot Supply.
Venango Supply (Oil City, PA) acquired Kennedy Supply Co., new Castle, PA, a distributor of plumbing and HVAC products which has serviced the western Pennsylvania area since 1938.
The Canadian Institute of Plumbing and Heating is requesting a uniform Canada-wide use of conservation-type plumbing products for both new construction and replacement and has written to all provinces and territories to mandate their use.
Sales for the Wolseley group of businesses, based in Reading, England, for the first five months ended Dec. 31, 2005, were up about 25%, and profit rose by about 20%, compared with the same period in 2004.
Farnsworth Wholesale Co., Gilbert, AZ, a plumbing wholesaler, recently opened a newly built 20,000-sq.-ft. branch location on four acres of land it purchased in Peoria, AZ, to replace a smaller facility it had been renting in the same area.
Western Suppliers Association, a regional association affiliated with the American Supply Association, announced the retirement of Paul and Meg Davis effective Dec. 31.
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