Slowing down its acquisitions program and heavily investing in information technology has strengthened Hughes Supply and better positioned it for future growth, said David Hughes, chairman/CEO.
Hughes Supply has acquired the remaining 51% interest of bestroute.com, an online distributor. Bestroute.com will operate as a subsidiary of Hughes Supply.
Messe Frankfurt, producer of the biennial International Sanitar Heizung Clima, or ISH show, has reached an agreement in principle with the partners of the North American Expo to host a joint trade show in North America in 2002.
The North American Expo, held Oct. 6-7 in Chicago, attracted significantly fewer attendees than anticipated. The final figures revealed there were 9,728 attendees as opposed to the 15,000 expected.
Affiliated Distributors and C.L. Watt have agreed to join forces by Jan. 1, 2001. As a result, A-D will establish a new and separate Plumbing Division.
The Western Suppliers Association and the Pacific Southwest Distributors Association scrapped plans to have a joint meeting in 2001 after failure to resolve differences in opinion regarding funding for the event.
Responding to the ASA reorganization, which provides for six regions vs. the current 13, the Chicago Metropolitan Distributors Association announced its plans to merge with the Mid-America Supply Association.
The agreement to allow limited use of CPVC plastic pipe in residential applications throughout California was approved Nov. 14 by the California Building Standards Commission.
In response to disappointing results for its plumbing group in the third quarter, Hughes Supply is accelerating efficiency measures and evaluating the idea of branch consolidation within the group.
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