Former Wolseley CEO to lead Morrison Supply Global private equity firm Advent International closed a significant majority investment in plumbing and HVAC distributor Morrison Supply Co. In early December. Morrison ranked No. 16 on the Supply House Times' 2011 Premier 150 rankings. Morrison Supply plans to use Advent's expertise in the industrial sector to expand its presence in the $60 billion U.S. plumbing and HVAC supply market and enhance its leadership position in the Southwest. Former Wolseley CEO Chip Hornsby, now an operating partner at Advent, will join Morrison as its chief executive officer. Scott Sangalli, Morrison's former CEO and principal owner for the past 25 years, will continue as an investor in the company. "Morrison Supply is very well-positioned in the Southwest and is one of the top five players in the plumbing and HVAC sector," Hornsby told Supply House Times recently. "They were a target we were extremely interested in and we're excited we were able to accomplish this." Advent has been an active investor in building products, distribution and construction supply for more than 20 years and has invested in more than 20 companies in those sectors. Hornsby said he sees major opportunity with Morrison heading into the future. "The biggest opportunity is how Morrison is positioned in the Southwest - their reputation speaks for itself," Hornsby said. "The partnership between Morrison and Advent will be very good. We're combining the strength of their organization with the strength of Advent as a financial partner. Advent has a long history of building businesses - they are not financial engineers." Before joining Advent earlier this year, Hornsby most recently served as the president and CEO of Wolseley plc, parent of Ferguson. "It came down to do what you love and love what you do," he said. "I'm extremely enthusiastic about the opportunity with Morrison. We all know this has been a challenging business environment, but with what Morrison presents us, the opportunities here are huge to grow and expand." Morrison President Darrell Hawkins and Morrison CFO Charlie Allen will continue in their roles and remain investors in the company. Advent Operating Partner Wes Clark, former president and COO of W.W. Grainger, will join the company as nonexecutive chairman. Supply House Times names Miazga editor Supply House Times recently named Mike Miazga, a 19-year publishing industry veteran, its editor. Miazga joined BNP Media's Plumbing Group in February 2010 as senior editor of Supply House Times' sister titles, Plumbing & Mechanical and PM Engineer. He became the Group's integrated content manager in 2011 and has edited PVF e-News since September. "Mike has done a terrific job with PM, pme, PVF e-News and our other e-media products," Plumbing Group Brand Leader Bob Miodonski said. "He has spent the last two years learning the PHCP industry. Along with that knowledge he brings creativity, integrity and a strong work ethic to the editor's position." Before joining BNP Media, Miazga spent seven years as editor-in-chief of two niche consumer sports magazines, winning a national media award in 2005. He also enjoyed an eight-year run as a sportswriter for two suburban Chicago daily newspapers and is a former high school varsity baseball and golf coach. "I look forward to continuing the rich tradition Supply House Times has established through the years," Miazga said. "Through our various media platforms, we will continue to provide our readers with the information they need to succeed in their businesses." Miazga's editorial can be found on Page 135. Delta Faucet promotes O'Reagan to president Delta Faucet Co. Promoted Richard O'Reagan to president Nov. 30. He succeeds Keith Allman, who was named group president of Masco Corp., Delta Faucet's parent company. O'Reagan will lead the development of new products and oversee the manufacturing and marketing for the Delta, Brizo and Peerless brands. "Richard's background in marketing and experience in systems engineering and driving strategic development will support Delta Faucet Co. As it continues to pave the way for innovation in residential and commercial settings," Allman said. O'Reagan joined Delta in 2008. Previously, he was senior vice president of sales and marketing for Mansfield Plumbing Products. O'Reagan previously worked for Chicago Faucet Co. And BMW. In other changes, Delta promoted Jon Dartt to O'Reagan's former position as vice president of sales. Ken Roberts was promoted to vice president of trade sales. IAPMO to acquire key RPA assets The Radiant Professionals Alliance has contracted for the International Association of Plumbing and Mechanical Officials to acquire key RPA assets. RPA's board voted to recommend that its membership support the agreement. Manufacturers, distributors, designers, dealers and installers of radiant panel heating and cooling systems and components who are presently members of RPA will have the opportunity to join IAPMO. With IAPMO, radiant panel industry members will take part in an expanded scope of activity symbolized by an updated logo created by IAPMO. IAPMO Director of Program Development Kathleen Mihelich will lead the new industry segment within IAPMO out of its Mokena, Ill., office. For questions about IAPMO and RPA, contact Mihelich at email@example.com. PEOPLE ON THE MOVE A. O. Smith elected President and COO Ajita G. Rajendra to its Board of Directors. Rajendra was named president of A. O. Smith in August and is responsible for the company's water heater operations in North America, China, Europe and India. He also is in charge of the company's water purification affairs in China and the recently acquired Lochinvar business. Ihrie Supply Co. Named Bill Cambra branch manager of its Wilson, N.C., location. Cambra started with Ihrie seven years ago as a counter sales employee. AirTight hired Tracy Bowers as a sales and marketing specialist. Bowers owned her own business for 16 years and is a graduate of Ohio State University with a degree in communications. Webstone named Josh Netz its director of engineering. Netz comes to Webstone from TOTO where he held many positions in the last decade. Netz is a graduate of Northeastern University and holds a degree in mechanical engineering. Superior Radiant named Mel Sauve business development manager. Sauve, a 30-year sales professional, will focus on U. S. market expansion. OBITUARY Charles Goldberg, a founding member of Decorative Plumbing & Hardware Association, Council of Fellows, and former Union Hardware president, died Nov. 13 at the age of 83. Goldberg helped form a small decorative plumbing and hardware trade association, which would later become a segment of the National Kitchen & Bath Association. In 2001, Goldberg was a major supporter of the formation of DPHA. Donations may be made to the DPHA Council of Fellows Memorial Scholarship Foundation in memory of Goldberg. BITS AND PIECES AWARDS Basco Shower Enclosures awarded Scott Cooper its 2011 G. William Rohde Founders Award at Basco's National Sales Meeting Oct. 5-6. The award honors an individual who exemplifies honesty, integrity, enthusiasm, and dedication, and has earned the respect of the industry. Luxury kitchen and bath designer Native Trails was awarded the Innovative Furniture Product of the Year from DPHA for its Bordeaux Wall Mount Vanity. The award recognizes products released during 2011 that represent the best in technological and design innovation. EXPANSIONS WinWholesale opened Minot Winnelson Co., the third location in North Dakota, to provide plumbing contractors with equipment, parts and accessories. Bob Rodgers is the president of the new distribution company and also opened Fargo Winnelson in September 2010. Hansgrohe North America has increased production at its Alpharetta, Ga., headquarters and expanded its export distribution of American-assembled, Germanengineered products. Markets benefitting from the increased production include: India, Turkey, South Africa, China and Mexico. INDUSTRY NEWS… The American Supply Association, along with the ASA Education Foundation, the Midwest Distributors Association (MwDA) and the Wholesalers Association of the Northeast (WANE), moved their headquarters to the western Chicago suburb of Itasca, Ill. The new address is: 1200 N. Arlington Heights Road, Suite 150 Itasca, IL 60143. The new telephone number is 630/467-0000 and fax 630/467-0001. DDI Systems' new Inform SBE small-business edition software will offer a full-featured solution made for distributors with less than 10 users. The program delivers advanced business management capabilities many companies are already using. Elkhart Products named White Wolf Group its Atlanta-based manufacturers representative, covering Georgia. Sustainable Solutions International and Caroma entered into a long-term agreement where Ssi will become the exclusive distributor of the Caroma brand. The agreement is expected to strengthen the brand and expand sales in the United States. Caroma is bestknown for its dual-flush toilets. Caroma's North American operations will be absorbed into Ssi and distribution will continue from facilities in Los Angeles County, Wisconsin and Vancouver.
Published by SupplyHouseTimes. View All Articles.
This page can be found at http://digital.bnpmedia.com/article/Down+The+Pipe/937438/95355/article.html.