Launched in 2018, Decorative Brands is a relatively new division to the AD community but has been among AD’s fastest growing. Director Linda Hoff shared that in just four years, the division grew from eight members to 50 and now includes 75 supplier partners. Earnings have risen significantly each year, with member rebates more than quadrupling since 2018.
Culture seems to be all the rage in the corporate world today, or maybe that’s just because I read a lot about it, and because we really focus on it being real. At Eastern, we have a healthy desire to have a positive impact on the lives of people we come in contact with. One of the ways we foster this is through our 28 Fundamentals, or as we call it, The Eastern Way.
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.
ASA’s monthly sales report shows October 2021 results that reflect another month of robust performance compared to the same month a year ago. Year-to-date and trailing-twelve-month figures remained strong when compared against 2020, a year that had multiple weeks, if not months of closures or partial closures.
I read somewhere that the most prevalent machine in the world is the electric motor. I thought about that for a while and it made sense. Just look around. But then I began to wonder what the second-most prevalent machine in the world is. Turns out it’s the pump! And most pumps are connected to electric motors of one kind or another, so there you go. Throw a rock and you’ll hit a motor. Or a pump. They’re everywhere.
The Copper Development Association (CDA) announced the appointment of Andrew G. Kireta, Jr. as the association’s next president and CEO, effective Jan. 1, 2022.
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.
DDI System, a provider of ERP and eCommerce software for wholesale-distributors, announced David Greene has stepped into a new role with the company as director of business development. Greene, founder and former partner of a market-specific ERP for foodservice equipment and supply dealers joined DDI System as a dedicated Foodservice Market Specialist in January 2020. Greene’s wealth of industry expertise and trusted relationships strengthened DDI’s focus and growth in the foodservice equipment and supplies industry over the past year and a half.
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