Yes, consolidation is very real in today’s industry — and based on the comments from eight PHCP-PVF buying group executives that trend is here to stay for the foreseeable future. In the second of a two-part series on buying groups, executives discuss not only consolidation, but where they see their organizations headed in the near future. Read here for Part 1 in the series, which appeared in last month’s issue.
“Consolidation is affecting our group,” Affiliated Distributors PHCP Division President Jeffrey Beall says. “We have been fortunate that most of our distributors have been acquirers. There are a lot of crazy things still going on out there. We have strong distributors we think could be targets to be acquired, but we are blessed with people who are very passionate about and committed to the independent distribution business and will continue to invest in their businesses, people and facilities.”