Mike Miazga 2016-12-07 23:51:49
METALS SHIPMENTS CONTINUE DECLINE From the Metals Service Center Institute, metals shipments continued to decline on a year-over-year basis in October. The ongoing year-over year decline in inventory levels also has continued, MSCI reported. In October 2016, MSCI reported U. S. service center steel shipments decreased by 8.6% from October 2015. Steel product inventories decreased 18.4% from October a year ago. U.S. service center shipments of aluminum products in October decreased by 8.5% from the same month in 2015. Inventories of aluminum products deceased 3.8% PVF NOTES • Powell Valves announced longtime executives Jim Hengehold and Frank Parker are retiring at year’s end. Hengehold, senior vice president — Powell Engineering, joined the company in 1980. Parker, senior vice president Manning Mfg., started at Powell in 1960 in the company’s brass foundry. • The Wayne, Pa.-based AD buying/marketing group reported sales for all AD members across all seven divisions and three countries grew by 6.3% in 2016 Q3 YTD to $26.1 billion. The growth includes ongoing members, new members and losses due to consolidation. On a same-store basis, AD member sales grew 1%. By country, AD U. S. was flat; AD Canada was up 6% and AD Mexico grew 25%. By industry, Plumbing, PVF & HVAC was flat. Across all divisions and countries, member purchases from AD suppliers grew 7% and net distributions to AD members grew 12%. DODSON GLOBAL ACQUIRES VAL-FIT INVENTORY In a transaction involving a pair of industrial PVF master distributors, Houston-based Dodson Global recently acquired Stone Mountain, Ga.-based Val- Fit’s inventory. Dodson Global President Greg Wheeler told Supply House Times Val-Fit’s inventory will be shipped to Dodson Global warehouses in Atlanta, Cincinnati, Denver, Houston, New Jersey and Los Angeles over the next 60 days. Val-Fit’s original Los Angeles location will now operate as Dodson Global Los Angeles. “We are very thrilled to have both a sales office and warehouse in this location to better serve our customers,” Wheeler said. Val-Fit President Gyl Grinberg said the company’s Atlanta and Houston locations will shut down within the next three to six months. Wheeler confirmed the addition of Val-Fit’s inside sales force from its Atlanta, Houston and Los Angeles locations. “This addition to our industry-leading sales force positions us for a very bright future,” Wheeler said. According to Grinberg, the decision to sell the company’s inventory boiled down to a pair of motivating factors, including the passing of his father. Ismael Grinberg, an industry icon and the founder of Val-Fit, died earlier this year at the age of 91. The Grinberg family also operates Tuvansa, an extremely successful PVF and fire-protection distributorship in Mexico. “First, the passing of my father has created a huge need for more direct involvement in Mexico,” Grinberg said. “We have a great business there with a very positive outlook. Both Roy (Gyl’s brother and Val-Fit managing director) and I need to devote more time and energy to it. Further, Val-Fit has been deeply affected by the oil and gas downturn and we believe family commitments and resources are currently better positioned in Mexico. “This was a difficult decision, but one that is best for the Grin berg family. Val-Fit is a great company with a superb reputation. Our team is excellent and we are very proud of what we have accomplished since 1979. We built incredible relationships with our employees, customers and vendors. Val-Fit always has been highly regarded in the PVF industry.” Grinberg said Dodson was a good fit for the company’s inventory for many reasons. “They handle their company with a family atmosphere and that gave us piece of mind knowing many of our employees now working at Dodson would find a comfortable new home,” he said. “Product-wise, Val-Fit has historically been very strong on the import generic side and that complements Dodson’s strength in the approved and domestic side. Our inventory will allow Dodson to become a big player in the generic import market. Lastly, our customers and vendors will enjoy dealing with Dodson, making this a smooth transition for them as well.” Wheeler noted Val-Fit’s offerings and reputation in the marketplace weighed heavily into the inventory acquisition. “Val- Fit has been both a great customer and a competitor for a number of years,” he said. “The inventory purchase will allow Dodson to take a stronger position in the generic import business. Val-Fit provides an existing relationship with key supplier partners that allow us to offer a wider product offering. The addition of Los Angeles provides an immediate platform for Dodson to be on the West Coast.” Grinberg reflected on the impact Val-Fit has made since opening its doors in the late 1970s. “Our family always has conducted business with honesty, ethics and straight-forward dealings,” he said. “Employees, customers and vendors are considered associates and a huge reason for our success. We have received amazing calls and letters from our partners and friends expressing love and admiration while thanking us for being a part of their lives. At the end of the day, we always wanted to run a respectable business with a great reputation and with a solid standing in the PVF industry. I think we accomplished all those goals.”
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