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| PRSCO Warehouse circa 1930 |
PRSCO: PRSCO was founded in 1930 by local dealers wanting to form their own wholesale distribution center. The purpose of
this new entity was to collectively pool their purchasing power in order to buy material at the lowest available price. Furthermore,
all "net" profits of this entity would be rebated back to each owner in the form of patronage dividend. Seventy
years later, PRSCO is a nationally recognized regional cooperative with over 120 stockholder dealers consisting of over 175
locations. Reserve Supply Origins:
What has come to be known as the "Reserve Supply " was originated with the organization of the first Reserve
Supply Company in Minneapolis in 1926. This Company was a marked success and became the pattern for the organization of many
other Reserve Supply Companies throughout the country.
A Company operating on this plan is wholly and equally owned by a group of common Stockholders. The company functions
as a wholesale distributor, maintaining a central warehouse. This is one of the major differences between a Buying Group and
a "Reserve Supply Company." A stockholder; therefore, can earn dividends on common stock only if he purchases from
the company. Mission:
The mission of Philadelphia Reserve Supply Company is to develop
business partnerships based on commitment and ownership to our Stockholders. We must provide competitive "upfront"
pricing and quality services that will distinguish PRSCO from its competition. PRSCO also interprets its Mission as providing purchasing power and marketing to assist our Stockholders in competing
and surviving against the mass merchandisers. The organization
seeks to make an important contribution to our owners success in the housing & construction industry. This contribution
is attained directly through purchasing, sales, marketing, service and financial activities and indirectly through product
knowledge, professionalism and relationships.
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