NetPlus Alliance records 7.5 percent growth in 2016
Buying group approaches 400 distributor members.
NetPlus Alliance, a North American industrial and contractor supplies buying group, posted an 8% increase in purchases in the first quarter of 2017. This above-average growth comes on the heels of a strong year in 2016, where the group saw a year-over-year increase of 7.5%. The group has added 10 new distributor members through May 2017.
Founded in September 2002, the group has 393 distributor members with total annual sales of $18 billion.
“We have created our own NetPlus Index to benchmark our group’s performance against the average sales of nine publicly traded industrial distributors, as well as the ISA distributor and manufacturer indices. We have been above that industry benchmark by over 50% for nine consecutive quarters,” said Jennifer Murphy, president of NetPlus Alliance.
“2017 is off to a great start for NetPlus and our members, with the strong economy driving positive results in the first quarter. We are looking forward to contributing to the continued success of all of our members and preferred suppliers this year.”
About NetPlus Alliance With more than 100 years of combined industrial distribution experience, NetPlus Alliance negotiates improved pricing, rebates and terms with 158 manufacturers on behalf of more than 393 industrial and contractor supplies distributor members. Learn more about NetPlus Alliance at www.netplusalliance.com or call 716-438-2014.
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