AD buying group sales up 5.3%
The Wayne, Pa.-based AD buying group reported sales for all AD members across all seven of its divisions and three countries grew by 5.3% in 2016 Q2 YTD to $16.7 billion.
“Economic conditions are mixed; but the AD community is diversified, strong and growing,” AD Chairman and CEO Bill Weisberg said. “Our team is focused on continuing that positive momentum and bringing added value and innovative programs to our members and suppliers.”
On a same-store basis by country, AD U.S. was flat; AD Canada was up 8% and AD Mexico grew 25%. By industry, building materials was up 16%; HVAC was up 9%; Plumbing was up 4%; Electrical was flat; Bearings & power transmission was down 1%; PVF was down 2%; and industrial was down 5%.