Portland, OR — Johnstone Supply recently joined the elite billion-dollar group of companies in Portland, OR. A cooperative wholesale distributor of HVACR parts and equipment, Johnstone is celebrating a historic year of key company milestones: in March 2006, sales surpassed $1 billion; in July, the Cooperative officially opened its 300th store; and 2006 commemorates the Cooperative's 25th anniversary.
Johnstone Supply stores reached the billion-dollar milestone even earlier than was anticipated by company executives. The achievement was accelerated by the company's increasingly strong sales figures, which consistently outperform HVACR industry averages. In recent years, Johnstone Supply has consistently outpaced the average industry sales growth of 5 percent to 12 percent, boasting over 16 percent in average sales growth over the last three years.
Another key milestone, Johnstone opened its 300th store in Everett, WA, and celebrated with a July 14th ribbon-cutting event. In a fitting coincidence, the 300th store is owned by one of the original founding members of the Johnstone Cooperative, Greg Popma. A current board member and former chairman of the board, Popma also owns and successfully operates 12 Johnstone Supply stores on the west coast, primarily in Oregon and Washington.
For more information, visit www.JohnstoneSupply.com.