“The modest flat/up results so far this year are consistent with our expectations that 2024 is the bottom of this cycle,” said Brian Loftus, HARDI’s macroeconomic and residential market analyst.
Founded in 1952, General Metals manufactures, fabricates, and distributes HVAC equipment and products. Its primary clientele is comprised of HVAC contractors in the Southwest.
The joint venture will distribute Samsung ductless products in the U.S. and Canada as well as products branded “Lennox powered by Samsung,” which will be sold through Lennox stores and its direct-to-dealer network.
The Lancaster, Texas, location is its first facility outside Florida, and will help Cooper & Hunter more easily serve an increasing number of clients in the Midwest, the company said.
Four HVACR distribution companies with annual sales of more than $1 billion each accounted for more than two-thirds of the 2023 sales of all firms included in the 2024 Top 30 Distributors list.
Rebecca Falish, director of wholesale sales at InSinkErator, was given the 2024 Alice A. Martin Woman of the Year Award during the recent American Supply Association (ASA) Women in Industry Elevate conference.