Ferguson Enterprise: Macroeconomics Term Paper

1379 WordsFeb 17, 20185 Pages
Ferguson Enterprise. Macroeconomics Term Paper. History: Charles Ferguson, Ralph Lenz, and Johnny Smither founded Ferguson Enterprise Inc., in 1953. The company started with $165,000 in capital, with only two locations, Colmar Manor, Md., and Birmingham, Alabama. During the next five decades, Ferguson saw big growth in revenue and continue to grow rapidly, doubling its size every five years. In 1982, Wolseley plc, which is listed on the London Stock Exchange located in the United Kingdom, bought out Ferguson. Ferguson is a wholesale distributor of residential and commercial plumbing. It was ranked the largest wholesale distributor of residential and commercial plumbing supplies by trade publications here in the US. Here in the United States, Ferguson is the fourth largest supplier of heating and cooling (HVAC/R) supplies, and second largest within the waterworks industry. The headquarter for Ferguson is located in Newport News, Virginia. There are currently 1,350 locations so far here in the U.S. Out of the 1,350 locations, 11 of them which are distribution center supplying their branches, United States, and Canada. They also serves customer in all 50 states, Puerto Rico, the Caribbean and Mexico. There are currently 19,000 employees for Ferguson. Ferguson is listed in durable goods wholesale, industrial machinery and equipment. Distributor of: • Plumbing supplies, pipe, valves and fitting (PVF) • Heating and cooling equipment (HVAC/R) • Waterworks Lyty 2 •

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