The facility is anticipated to open in Spring 2025, driving improved capabilities to customers within the region.
Latest In Plumbing Products & PVF Distribution
The first of this three-part Premium series examines the plumbing, HVAC and industrial supplier’s scaled diversification that has put it at or near the top of many of MDM’s Top Distributors Lists.
Belgium-based Aliaxis expands its product range and presence in the Southern U.S. with the acquisition.
Ferguson closed on 10 acquisitions in its 2024 fiscal year that ended July 31.
Harrington expands its footprint in the Midwest and Gulf Coast with the acquisition of Oklahoma-based Cortrol.
DNOW delivered $50 million in EBITDA on 7.9% in 2Q, a subtle increase from the year earlier.
The company's U.S. sales fell 7% year-over-year during 2Q.
It completes a years-long corporate transition for the distributor of plumbing, HVACR, PVF and industrial supplies.
It will become Ferguson’s first shipping hub to service the New England region.
As Ameripipe’s ninth U.S. location, the branch will provide fire protection contractors in Miami with Victualic products and fabricated pipe.
Blue Ridge will now offer inventory planning software to ASA members, who are plumbing, heating and PVF distributors and manufacturers.
Ferguson said weakness in certain commodity categories persisted in the quarter, driving overall price deflation of about 2%.
Recent acquisitions drove most of the growth, more than doubling that of 4Q23.
The distributor's Skypod system will consist of over 43,000 storage bins, 36 robots, three picking stations and three induction workstations.
Plumbing supplies distributor Ferguson's eight acquisitions in this fiscal year have an aggregate annualized revenue of $350 million.
It nets Winsupply a single-location waterworks distributor in operation since 1947.
It gains Macomb a 66-year-old, two-location distributor of PVF, bathroom and kitchen fixtures and HVAC equipment.
1Q U.S. sales actually increased 2% year-over-year, driven by DNOW's acquisition of Whitco Supply that was completed during the quarter.
Gross margin had a modest annual improvement, while EBITDA shrunk.
The distributor had a considerable 1Q sales improvement vs. 4Q23, while all business segments saw continued annual declines.
