Core & Main Completes Acquisition of Landscape & Construction Supplies LLC

Rhea-AI Summary

Core & Main has completed the acquisition of substantially all assets of Landscape & Construction Supplies LLC, enhancing its product offerings in geosynthetics and erosion control in the upper Midwest. This strategic move, announced by CEO Steve LeClair, aims to leverage Landscape & Construction Supplies’ established reputation and local expertise to better serve customers across more than 15 states. Founded in 2004, Landscape & Construction Supplies is recognized for quality products and strong local relationships. The integration is expected to strengthen Core & Main's position in the market.

Positive

• Acquisition of Landscape & Construction Supplies enhances geosynthetics and erosion control offerings.
• Strategic expansion into the upper Midwest market.
• Leverages established reputation and expertise of Landscape & Construction Supplies.

Negative

• None.

ST. LOUIS--(BUSINESS WIRE)-- Core & Main Inc. (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, has closed its previously announced acquisition of substantially all of the assets of Landscape & Construction Supplies LLC, a full-service provider of geosynthetics products, with two locations in the Chicago metropolitan area.

“The acquisition of Landscape & Construction Supplies allows Core & Main to expand our existing geosynthetics and erosion control product offering to our customers in the upper Midwest through the expertise and experience of this established and well-regarded company,” said Steve LeClair, chief executive officer of Core & Main.

Since opening in 2004, Landscape & Construction Supplies built a reputation for being a quality producer of silt fence and a reliable supplier of geosynthetics, erosion control products and drainage materials. They serve customers in more than 15 states with quality services and products.

“We are pleased to welcome the Landscape & Construction Supplies associates into the Core & Main family,” said Brad Cowles, president of Core & Main. "Their team’s breadth of knowledge and strong local relationships will strengthen our ability to serve our combined customer base in the region."

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 approximately 300 locations, the company provides its customers with local expertise backed by a national supply chain. Core & Main’s 4,100 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/20230306005775/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 purpose of Core & Main's acquisition of Landscape & Construction Supplies?

The acquisition aims to enhance Core & Main's product offerings in geosynthetics and erosion control, expanding its market presence in the upper Midwest.

How will the acquisition of Landscape & Construction Supplies impact CNM's operations?

The acquisition will strengthen CNM's ability to serve its customer base through the expertise of Landscape & Construction Supplies' team.

When was the acquisition of Landscape & Construction Supplies by Core & Main completed?

The acquisition was completed as announced in the recent press release.

What benefits does Core & Main expect from acquiring Landscape & Construction Supplies?

Core & Main expects to leverage Local expertise and strong relationships to improve service and expand its offerings in geosynthetics.