PHCP and PVF Company News

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It is pretty rare to see a private, family-owned company reach fourth-generation leadership, much less fifth. For more than a century — 120 years to be exact — the Dowd family has led Charlotte, North Carolina-based pipe and fitting manufacturer Charlotte Pipe and Foundry. Built by W. Frank Dowd in 1901, the original foundry in Charlotte employed 25 men and produced cast iron soil pipe and fittings.

Net sales of $6,803 million were 26.6% ahead of last year, 24.5% higher on an organic basis with 1.8% from acquisitions and a further 0.3% from the impact of foreign exchange. Inflation in the first quarter was in the low teens.

ProSource Supply has acquired Marion Davis, a plumbing, lighting and electrical supplier with two locations in Upstate, South Carolina. Marion Davis will be rebranded to ProSource Supply after a transition period.

Munch’s Supply a Chicagoland area-based heating, air conditioning and plumbing distributor, has acquired TML Supply and its 13 branches servicing the province of Ontario, Canada. This will expand Munch’s geographic footprint to 64 locations serving 16 U.S. states and one Canadian province.

Located at Creekside Commerce Center on John Price Road in southwest Charlotte, at over 200,000 square feet, the new facility nearly doubles the company’s warehouse space in the region. The DC will serve IPEX’s customers in North Carolina, South Carolina, Virginia, West Virginia, Tennessee and Kentucky.

Plumbing and Heating Wholesale (PHW) announced the acquisition of Sioux City, Iowa-based industrial supplier Wigman Co. Wigman will initially continue to operate in their current location under the same name, plans will be made in the future to identify a new home for Wigman Co. and the industrial team.

Rinnai America announced its soon-to-be-completed North American facility located in Griffin, Georgia. Rinnai is investing in product development for tankless water heaters, boilers, wall furnaces and more on US soil. Alongside business development, Rinnai will also play a role in the local economy by fulfilling 150 positions by early 2022. 

The For the Pro Training Academy combines the company’s existing in-person training programs with a new self-paced eLearning option for Bradford White’s valued contractor customers. 

Oatey Co. has partnered with nonprofit organization Miracle Mechanical to make one deserving veteran’s hope a reality through significant HVAC and plumbing repairs. 

The recent chaos and gloom that we’ve experienced during the global pandemic has taught us several important lessons, including resilience and strength.