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Ferguson CEO Frank Roach told Newport News, Va., newspaper the Daily Press the company will continue to grow through acquisitions."Our acquisition strategy fits within our overall growth strategy," said Ferguson CEO Frank Roach. "We look at growth coming organically and same store sales, as well as new store openings and acquiring new companies.”
Continued growth in the home improvement sector, and ballooning growth in new home development, is helping to bolster confidence in the market, Roach said, which has been stagnant for some time in certain areas.
"The recovery, such as it is, since 2009, until recently was an uneven recovery when you looked at the geography of the businesses," Roach said. "But right now I would say that it's more broad-based across the country; there is more confidence. At each of our stores, we measure customer sentiment…the consensus is more growth."
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