AD buying group announces another sales increase
Wayne, Pennsylvania-based AD, the contractor and industrial products wholesale buying / marketing group, reported a 12% increase in member sales across 12 AD divisions totaling $9.7 billion.
Purchases from AD suppliers grew by 12% in Q1 YTD and distributions to members also were up 12%.
On a same-store basis, by industry, Q1 YTD PHCP sales were up 12%; industrial / PT sales were up 11%; electrical sales were up 10%; and building materials was up 4%. By country, same-store sales in the U.S. grew 10%; Canada was up 9% and Mexico grew 10%.
Bill Weisberg, AD’s chairman and CEO commented on the results: “AD members across every division in North America experienced record-breaking growth. The continued growth of our members is encouraging, especially after our record-setting performance in 2017. In Q1 we welcomed many new additions to the AD community; 15 new members, 17 new suppliers and five new HR and Procurement service providers. Additionally AD eCommerce Solutions passed a big milestone; the normalization and attribution of 3 million SKUs.”