By Anthony Capkun
November 3, 2014 – North American buying group Affiliated Distributors reports 8% growth across all Divisions in Q3 2014, with the Canadian Electrical division up 14%.
Total sales for the first three quarters of the year were $23 billion, says AD, with all divisions projected to exceed $30 billion in sales this year.
“AD continues to operate efficiently by leveraging our economies of scale and utilizing our advanced treasury function,” stated Bill Weisberg, AD’s chair and CEO. “The investment we earn, in spite of the current short-term interest rate environment, not only covers all of the organization expenses, it enables us to invest in innovative programs and services to help AD independent market leaders fight the battles of today and tomorrow.”
Affiliated Distributors’ 540+ plus independently owned members span seven industries and three countries, with annual sales in excess of $30 billion.