Core & Main Completes Acquisition of Dodson Engineered Products, Inc.

Rhea-AI Summary

Core & Main, a leading distributor in water-related products, has successfully completed the acquisition of substantially all assets from Dodson Engineered Products in Colorado. This strategic move is expected to enhance Core & Main's service offerings in the region. Dodson, with over 80 years of experience, specializes in water supply and sewage collection products. The acquisition aims to leverage Dodson's local expertise to improve customer service and expand product offerings, thereby reinforcing Core & Main's commitment to sustainable infrastructure development.

Positive

• Acquisition of Dodson Engineered Products enhances local expertise in Colorado.
• Expansion of Core & Main's product offerings and customer service capabilities.
• Dodson's 80 years of experience strengthens Core & Main's market position.

Negative

• None.

Expands Waterworks Footprint

ST. LOUIS--(BUSINESS WIRE)-- Core & Main, Inc., (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage, fire protection products and related services, has closed its previously announced acquisition of substantially all of the assets of Dodson Engineered Products, Inc., based in Colorado.

“We are excited to grow our team in the Roaring Fork Valley of Colorado,” said Steve LeClair, chief executive officer of Core & Main. “With their added expertise in the region, we can help enhance their current product offerings, while continuing to provide superior customer service.”

Dodson Engineered Products, Inc. is known for its long history of providing customers with quality products and services. Its skilled team of associates bring over 80 years of collective experience to the company.

“We are pleased to welcome the Dodson associates into the Core & Main family,” said Jack Schaller, president of Core & Main Waterworks. “They share our commitment to providing local expertise and their team offers a breadth and depth of waterworks product and service knowledge.”

Founded in 1970, Dodson has consistently delivered the highest level of customer service and value to its customers for over 50 years. Dodson supplies a variety of products to the wholesale and retail markets including water supply, sewage collection and irrigation products. Its local approach to business and professional sales force have kept customers coming back over the years. Dodson’s facility is located in Glenwood Springs, Colorado.

About Core & Main

Based in St. Louis, Core & Main is a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets nationwide. With more than 300 locations, the company provides its customers local expertise backed by a national supply chain. Core & Main’s 3,700 associates are committed to helping their communities thrive with safe and sustainable 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/20220321005866/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 impact of Core & Main's acquisition of Dodson Engineered Products on stock CNM?

The acquisition is expected to enhance Core & Main's expertise and product offerings in Colorado, which may positively influence stock performance.

When did Core & Main acquire Dodson Engineered Products?

Core & Main announced and closed the acquisition recently, further expanding its operations in Colorado.

What are Dodson Engineered Products known for?

Dodson is recognized for its quality products and services related to water supply, sewage collection, and irrigation.

How will the acquisition affect Core & Main's business strategy?

The acquisition allows Core & Main to enhance its local expertise and improve customer service, aligning with its strategy of sustainable infrastructure development.