Industry veteran Bill Childers to lead company's new division.
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New sales office located in the historic Graybar Building in Manhattan, NY.
Fourth quarter sales increased 6.6 percent year-over-year.
Genuine Parts sales up 9 percent for the full year 2014.
Company agreed to sell fasteners segment to American Industrial Partners.
Electrical distributor also says bolt-on acquisitions will fuel growth, streamlines European operations.
French company's purchase of Solar Deutschland expands presence in northern Germany.
Underlying sales grew 6 percent in first three months.
Consolidation forecast still upbeat despite steady but not spectacular month to open 2015.
French company's purchase of Vanas Beyond Tools expands presence in Belgium.
All AD divisions reported sales gains in 2014.
