Mike Miazga 2014-11-05 23:47:21
Ferguson announces 2014 fiscal results Ferguson’s parent company Wolseley plc announced its financial results for the 2014 fiscal year. Ferguson, the 2014 Supply House Times Supply House of the Year, increased its revenue more than 10%, ending the year with sales of $11.6 billion, up from $10.6 billion last year. The company was 8% ahead of last year on a like-for-like basis, which measures growth of Ferguson’s existing stores or branches that have been open for at least one year. As well, trading profits were ahead 16% over last year. Ferguson’s trading margin reached a record high 7.7%. “We had a wonderful performance this past year,” Ferguson CEO Frank Roach said. “Our associates did it again through their hard work, dedication and focus. You can have great plans and a great execution template, but if you don’t have the right people who can drive this kind of performance, it is not possible.” Four acquisitions were completed in the year and the company opened seven new branches; 24 new locations were added through acquisitions. COMPANY NEWS Bradford White announced PMI Sales & Marketing will represent the company in all of southern Texas (excluding El Paso). Xylem Group, LLC has changed its corporate name to Xync Brands, LLC. It also changed the former Xylem product brand name – now Ryvyr—and its former Xylem Hospitality division name, which now is Xync Contract. The name changes of the Roswell, Ga.-based company take effect immediately. Prier Products appointed St. Augustine, Fla.-based Marsh & Moore as its exclusive manufacturers representative for Florida. Reliance Worldwide recently was named The Home Depot “Partner of the Year” for 2014 for outstanding customer service and partnership. APR Supply opens new location APR Supply Co. And Schaedler Yesco Distribution recently announced the opening of their new joint branch location in Hazleton, Pa. The newly constructed 11,600-sq.-ft. building is located at 171 S. Filmore Ct., and features a sales counter to service the area’s contractors and 8,000 sq. ft. Of warehouse space to store materials. The first APR Supply Co. Branch opened in Hazleton in 1995 and the new branch is the first time the company has changed locations in the Hazleton area. The move represented an opportunity for Schaedler Yesco Distribution, a joint venture partner of APR, to move into the new location as well. “This special joint venture relationship between APR and SYD is integral to the success of both businesses,” APR President and CEO Scott Weaver said. “It provides a unique benefit to our customers as well, creating a one-stop shop for all the supplies the may need on the job.” Morrison Supply acquires two companies Fort Worth, Texas-based Morrison Supply recently announced the acquisition of two supply houses in Oklahoma and Texas. Morrison acquired the assets of Tulsa, Okla.- based Empire Plumbing Supply. EP Supply and its predecessors have been serving the plumbing, PVF and industrial supply needs of customers in Tulsa and surrounding communities since 1961. EP Supply will be re-branded Morrison, but the EP personnel team will transition to Morrison. Morrison’s acquisition of EP Supply expands the company’s footprint in Oklahoma, adding to existing Morrison locations in Oklahoma City, Norman, Lawton and Edmond. Morrison also recently acquired the assets of El Paso, Texas-based Western Wholesale Co. Western is one of the largest showroom and builder-appliance businesses in the El Paso and surrounding markets. Western will be re-branded under the Morrison name, but the Western team will transition to Morrison with current Western leaders Sam Shallenberger, Frank Estrada, Vicki Marcusse, Gina Avila and all other current associates continuing to operate in the same format they have today. Morrison’s acquisition of Western expands the company’s footprint in west Texas and eastern New Mexico. Western also will add to the El Paso plumbing/HVAC branch located at 40 Butter field Circle that opened in June. Making a difference In early October the American Supply Association presented a check for $25,150 to Operation Rise & Conquer, an industry-wide initiative that helps wounded soldiers. Gerber/Danze CEOMichael Werner has been the driving force behind the program, which has raised nearly $100,000 to sponsor 30 soldiers. The check represents commitments from many ASA members. ASA’s Young Executives Division has spearheaded the association’s fundraising efforts since its annual Spring Forum in May. Pictured at ASA headquarters, from left, are: Jennifer Hulick (Gerber business development team manager), Amanda Hanlon (Gerber marketing services manager), Werner, Bill Erfort (ASA member services manager) and Mike Adelizzi (ASA executive vice president). Thos. Somerville announces executive management changes Upper Marlboro, Md.-based Thos. Somerville recently announced several executive management changes effective Jan. 1. Doug Riley will be promoted from Northern vice-president of sales to president. Riley will replace Pat McGowan (33-plus years with the company), who will transition into retirement by relinquishing the president role to Riley in 2015 and then the CEO position in the middle of 2016. Riley began his career with Somerville in 1986 following a temporary summer position the previous year. He worked through every level of the organization throughout his tenure. At the same time, Dan Kelly (26-plus years with the company) will be promoted to executive vice president to oversee several areas of focus, including showrooms, marketing, purchasing, central distribution, expansion, and recruiting and training. Kelly started in sales and later became a manager and general manager before taking on the role of Southern vicepresident of sales. Twenty-plus-year company veterans Ray Mikell (HVAC/hydronics) and Joe Pioli (plumbing) have been promoted to vice-president of sales positions. Hardware Holdings acquires Jones Stephens Corporation Hardware Holdings, an omni-channel distributor of home and hardware products, recently announced it has acquired Moody, Ala.-based plumbing specialty products distributor Jones Stephens Corp. Under the Hardware Holdings umbrella, Jones Stephens joins HBC Home & Hardware Products and Handy Hardware. Jones Stephens will continue to operate out of its current Moody and Pottsville, Pa. Facilities and the management team will remain in place. “Jones Stephens’ deep plumbing category focus is a tremendous complement to our Aqua Plumb plumbing products offering and will enhance the value we can provide our retail partners in the hardware and general merchandise trades,” Hardware Holdings CEO Donald C. Devine said. MOVERS AND SHAKERS F. W. Webb recently appointed Kevin M. Mahan as the company’s senior vice-president of sales. In the newly created role, Mahan is responsible for the planning, development and implementation of the company’s sales strategy to drive business growth across its 14 areas of product expertise. CHANNELLOCK recently announced Jon DeArment has been elected company president and COO. DeArment is the eldest son of CEO William DeArment and becomes the family’s fifth generation to lead the company. Wilo USA named Eric Kearbey Midwest regional sales manager for water management and named Samuel D. Messana national sales manager — building service and regional sales manager for the Northeast. Hansgrohe SE (International) named Thorsten Klapproth CEO. He replaces Siegfried Gaensslen, who led Hansgrohe SE the previous six years. ThermaSol named Martin Siwy vice-president of sales and marketing. Siwy has worked with ThermaSol since 2009. Parthiv Amin has joined Sloan Valve Co. As vicepresident, marketing. SJE-Rhombus appointed Lenny Newman to its board of directors.
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