At ABC Supply, steady as she grows
It’s been a busy year at ABC Supply. As the largest U.S. wholesale distributor of roofing celebrates its 35th anniversary, the company continues to steadily ramp up its locations from coast to coast.
In recent weeks, California has been the focus. This past September, ABC Supply opened its first location in Antioch, Calif., a suburb of Oakland and San Francisco. It marked ABC's 36th location in the Golden State. Just weeks prior, ABC Supply also opened locations in Chico, Hayward and Orange.
“We’re excited to be part of the Antioch community and to build trusting, professional relationships with the area’s contractors,” Matt Cooper, vice president of ABC Supply’s West Region, said in a release issued by the company. “Our goal is to make it as easy as possible for contractors to have access to the products and expertise they need to tackle their projects.”
Based in Beloit, Wis., ABC Supply has more than 700 locations nationwide. This year, ABC has opened new branches in Colorado, Connecticut, Illinois, Indiana, Kentucky, Texas, Virginia and Washington.
Parksite bolsters its product mix
Batavia, Illinois-based Parksite announced a string of new distribution deals. The moves bring Tando cladding to the Midwest, Corian cladding to New England and Boral TruExterior to the Dakotas.
Parksite’s Bolingbrook, Illinois and Fargo, North Dakota locations will distribute the full Tando cladding product line throughout the Midwest. Derby Building Products Inc., the parent company of Tando Building Products, describes the shake and stone products as “category-defining” with natural and dramatic looks that replace traditional materials.
Parksite has added Corian Exterior Cladding to its product offering in its New England territories. For more than 10 years, architects and building companies across the world are discovering and exploiting the qualities of Corian to create functional and visually stunning solutions for residential and commercial buildings, Parksite said in its announcement.
Also effective immediately, Boral TruExterior Siding and Trim is available in the markets serviced by Parksite’s North Dakota location, reaching the majority of North Dakota, South Dakota, Minnesota and northwest Iowa. Versetta Stone will be available through our Baltimore, Md., and Apex, N.C., distribution facilities which service the Mid-Atlanta region and the Carolina’s.
“At Parksite, we pride ourselves on building and maintaining mutually successful relationships with all our suppliers and customers. We are excited and privileged to align with an organization with the same philosophies as our own,” stated Bob Higgins, VP of sales.
Fastenal Company nails growth in Q3
With onsite locations and vending machines driving growth, Winona, Minn.-based Fastenal reported net sales of $1.13 billion in the third quarter. That’s an increase of 11.8% compared to the third quarter of 2016. Net earnings increased 12.7% to $143.1 million.
“Our growth drivers, combined with a solid economy, are resulting in great growth,” said CEO Dan Florness.
Two notable growth drivers are industrial vending and onsite locations, the later defined as dedicated sales and service provided from within, or very close to, the customer’s facility, the company said. Fastenal’s installed vending machine count on Sept. 30 was 69,058, up 14.3% compared to a year ago. Sales through the vending machines continued to grow at a double-digit pace in the third quarter of 2017, primarily due to the increase in the installed base. As for onsite locations, the company now points to 555 active sites, up 47.6% compared to the same time last year.
The distributor of industrial and construction supplies said the pace of daily sales was groing at 15.3% in September, a pace unseen since late 2014.
The company opened 5 branches and closed 36 branches in the third quarter. In addition to the 555 onsite locations, Fastenal operates 2,418 public branch locations.