Newport News, Va.-based wholesaler Ferguson announced its acquisition of J.D. Daddario Co., based in Franklin, Mass., and Meckco Supply Co., headquartered in Charlotte, N.C.
J.D. Daddario Co., purchased in a stock transaction completed Jan. 31, is a wholesale distributor of plumbing, hydronics, appliances, lighting and electrical supplies and fixtures. The family-owned business, incorporated in 1951, has annual sales of $60 million and employs 180 full-time associates. J.D. Daddario also operates three satellite locations across eastern Massachusetts in Mashpee, Newton and Marlboro. The wholesaler's executive team will remain in the following capacities: Jim Daddario, president and general manager; Jack Daddario Sr., senior consultant; Jack Daddario Jr., vice president of operations; and Keith MacKay, business manager/electrical.