AD ISD sales up 19% in 2011
Affiliated Distributors (AD) released its Industrial Supply Division’s year-end results, reporting that U.S. sales grew by 19% to $4.6 billion.
AD affiliates also set new records for both net distributions and return on remittances, the organization said.
"AD's Industrial Supply Division's performance continues to outpace the industry; proof that independent distributors are winning," said Jack Templin, ISD president. "AD independent distributors' expertise, high level of customer intimacy, and partnerships with industry leading suppliers is clearly recognized by the industrial customer base they serve, and is evidenced by their continued record breaking performance."
According to CEO Bill Weisberg, “In spite of tremendous market uncertainty and stiff competition, our independent distributors and suppliers battled back from the depths of the Great Recession to sales levels that now exceed their peak in 2008.”
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
