Core & Main Completes Acquisition of Geothermal Supply Company Inc.
Core & Main Inc. (NYSE: CNM) has completed the acquisition of Geothermal Supply Company Inc., a distributor of HDPE pipe and related products in Kentucky.
Expansion of product offerings with the acquisition of GSC assets.
GSC's strategic location in Horse Cave, Kentucky, enhances Core & Main's presence in the geothermal, water, and sewer industries.
Potential for increased revenue and market share through the addition of GSC's customer base.
Integration challenges may arise during the consolidation of GSC's operations into Core & Main.
Risks associated with market fluctuations in the geothermal, water, and sewer industries may impact profitability.
Increased competition in the HDPE pipe sector due to the acquisition.
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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.
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