The official Grand Opening was celebrated on May 11, 2023.

The new collaboration will allow Johnson Controls to expand its reach for residential HVAC equipment through HD Supply's expanding market segments.

The new 400,000-square-foot facility is intended to strengthen the company's supply chain and provide efficient heat pump distribution to the Northeastern U.S.

The award was given to Basco for its outstanding, customer-centric approach to product innovation, and industry development.

The agreement marks another milestone toward the company’s commitment to decarbonize operations by 2030.

AD is reporting that member sales in the first three months of 2023 reached a new Q1 record of $18.3 billion, an increase of 6% across 14 divisions and three countries.

The distribution world is on fire with mergers and acquisitions. It seems everyone is either looking to buy or sell a privately held wholesale distributorship. 

As 2023 unfolds, the overall housing market is languishing at near lows. Home sales will be even lower this year than in 2022, with no improvement in sight. 

Midway through 2023’s second quarter, the Federal Reserve’s Jerome Powell is set to raise the prime interest rate another 25 to 50 basis points in his relentless pursuit of throttling the rate of inflation.