AD buying group completes planned transition to member ownership
The Wayne, Pennsylvania-based AD buying group announced the completion of the transition of ownership from AD’s longtime Chairman and CEO Bill Weisberg to the group’s distributor members.
AD was founded in 1981 by Bill Weisberg’s father, David Weisberg. Bill Weisberg became sole owner and chairman of the group in 1991. Under Bill Weisberg’s leadership, AD expanded into seven additional wholesale industries, entered Canada and Mexico, and increased member services to include eCommerce as well as HR and Procurement. Total annual sales for the group’s members increased from $2.9 billion to more than $35 billion. Net distributions to group members grew from $31 million to more than $650 million per year.