AD Announces Electrical Divisions' 2011 Year-End Results
Commitment to Independent Distributors Yields Double-Digit Growth
Affiliated Distributors (AD), Wayne, Pa., released their Electrical Divisions' year-end results with US sales having grown 19% to $11.2 billion and Canadian sales having grown 10% to $852 million, respectively. AD Affiliates also set new records for both net distributions and return on remittances.
David Oldfather, president, Electrical Divisions, said "Our commitment to exclusively supporting independent electrical distributors of all sizes is definitely yielding some impressive results. In addition to experiencing above market growth during this past year, our affiliates added over 950 new distributor employees, made 14 acquisitions, and approved the addition of 38 new Clean Energy Suppliers to the AD Preferred Supplier list.” Oldfather adds, “Our AD Clean Energy program, along with AD's willingness to pursue new growth opportunities for both our distributors and suppliers should help stimulate additional growth in 2012 and beyond.”
According to Bill Weisberg, CEO, “In spite of tremendous market uncertainty and stiff competition, our independent distributors and suppliers battled back from the depths of the Great Recession to sales levels that now exceed their peak in 2008.”
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Jim Lucy Blog
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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.