Core & Main Completes Acquisition of Enviroscape

Rhea-AI Summary

Core & Main Inc. (CNM) has successfully completed the acquisition of Enviroscape ECM, Ltd. and its affiliated entities, expanding its portfolio in geosynthetics and erosion control products.

Positive

• Core & Main Inc. has expanded its portfolio by acquiring Enviroscape ECM, Ltd. and its affiliated entities, which will contribute to the company's growth and market presence.

Negative

• None.

ST. LOUIS--(BUSINESS WIRE)-- Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has closed its previously announced acquisition of substantially all of the assets of Enviroscape ECM, Ltd. and three affiliated entities (collectively, “Enviroscape”), a provider of geosynthetics and erosion control products located in Deshler, Ohio.

About Core & Main

Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide®. As a leading specialized distributor with a focus on water, wastewater, storm drainage and fire protection products, and related services, Core & Main provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets, nationwide. With approximately 320 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. Core & Main’s 4,500 associates are committed to helping their communities thrive with safe and reliable infrastructure. Visit coreandmain.com to learn more.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning Core & Main’s financial and operating outlook, as well as any other statement that does not directly relate to any historical or current fact. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “outlook,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “preliminary,” or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. These forward-looking statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231128935874/en/

Investor Relations:

Robyn Bradbury, 314-995-9116

InvestorRelations@CoreandMain.com

Media Relations:

Jennifer Noonan, 314-750-9670

Jennifer.Noonan@CoreandMain.com

Source: Core & Main, Inc.

FAQ

What is the latest acquisition made by Core & Main Inc. (CNM)?

Core & Main Inc. (CNM) has closed the acquisition of Enviroscape ECM, Ltd. and three affiliated entities, expanding its product offerings.

Where is Enviroscape ECM, Ltd. located?

Enviroscape ECM, Ltd. is located in Deshler, Ohio.

What industry does Enviroscape ECM, Ltd. operate in?

Enviroscape ECM, Ltd. operates in the geosynthetics and erosion control products industry.

How will the acquisition benefit Core & Main Inc. (CNM)?

The acquisition will expand Core & Main Inc.'s portfolio and market presence in geosynthetics and erosion control products, potentially leading to business growth and increased revenue.

What is the ticker symbol for Core & Main Inc.?

The ticker symbol for Core & Main Inc. is CNM.

What type of products does Enviroscape ECM, Ltd. provide?

Enviroscape ECM, Ltd. provides geosynthetics and erosion control products.

How does the acquisition align with Core & Main Inc.'s business strategy?

The acquisition of Enviroscape ECM, Ltd. aligns with Core & Main Inc.'s strategy to advance reliable infrastructure with local service nationwide, expanding its product offerings and market reach.

What are the benefits of the acquisition for Enviroscape ECM, Ltd. and its affiliated entities?

The acquisition by Core & Main Inc. (CNM) may provide Enviroscape ECM, Ltd. and its affiliated entities with access to a larger market and resources, potentially enhancing their business operations and growth prospects.