Zurn Water Solutions Corp. and Elkay Manufacturing Co. announced they have reached a definitive agreement to combine the businesses in an all-stock transaction. Upon completion of the transaction, Zurn Water Solutions shareholders will own approximately 71% and Elkay shareholders will own approximately 29% of the combined and newly named company — Zurn Elkay Water Solutions Corp.
Respondents reported a median sales increase of 20.5% for November 2021 vs. 2020. In comparison to the previous month (December 2021 vs. November 2021), respondents reported a modest decline in sales of -2.2% (the previous monthly sales report had a 3.5% increase in the same category; November 2021 vs. October 2021).
According to a global supply chain report compiled by IHS Markit, delays and disruptions for manufacturers and deliveries is currently on a higher scale than ever recorded in the company’s more than 30 years of conducting Purchasing Manager Index’s (PMI) — monthly surveys of more than 40 economies worldwide. Distributors across the U.S. can vouch for that, as supply chain disruptions they endured throughout 2021 have yet to show signs of correction.
AD is reporting total 2021 member sales were $58.5 billion, a 30% increase from 2020, with purchases by member companies from AD supplier partners up 39% to $16.6 billion. Additionally, AD achieved a 49% increase in net distributions to its members, surpassing the $1 Billion milestone for the first time in the group’s 40-year history.
LPG announced growth of over 38% for 2021, establishing a record during one of the most challenging years in the industry. To compliment this promising growth, the organization has added new executive team members and is slated to add new vendor partners in early 2022.
Each year, Supply House Times editors receive thousands of product releases from industry manufacturers. The 20 products highlighted here have earned the distinction of being PM’s Top Products of 2021 based on the number of page views on supplyht.com. Congratulations to those products on this year’s list.
Throughout 2022, the focus of this column will be on strengthening your network. Don’t worry, this isn’t about cybersecurity, and you won’t need an information technology degree to make the most of these articles. We are not talking about that kind of system. Instead, we’re going to cover the basic nuts and bolts of building strong networks of people within your company and with outsiders.
Do you want the OK news first or the bad news first? How about we try to stay somewhat positive out of the gates. ASA recently released findings from its second special compensation/benefits study that it commissioned business intelligence partner Industry Insights to conduct in the latter part of 2021.
Since diving into the wholesales-distribution corner if the PHCP-PVF industry, I’ve spent a lot more time thinking and learning about family-owned businesses, small-to-mid-sized businesses and all of the behind-the-scenes that goes along with building a career in one of these businesses. I’m proud to say that from learning from you all, I’m much more aware of the importance of supporting the independently-owned businesses within my community. And I don’t think I am alone in this attentiveness.
We are now in the new year and are still being assaulted with everyone’s thoughts on what will be trending in 2022. During the last few weeks, people and companies have been enlightening us as to what they think will happen in the new year. It seems everyone is chipping in their predictions on everything from this year’s hot colors to the Dow Jones Industrials. Please, no one can consistently call the future, unless they are the source of the future, and, you know, the best decorative plumbing showrooms can be that type of source. Every product, brand and display you have added or changed is a reach into the future of decorative plumbing products in your market, and you should be damn proud of that.