Core & Main Signs Agreement to Acquire GroGreen Solutions Georgia LLC
Core & Main Inc. (NYSE: CNM) has announced a definitive agreement to acquire GroGreen Solutions Georgia, , a leading provider of erosion control products. GroGreen, established in 2008, operates from four locations across the southeastern United States, offering a comprehensive portfolio of erosion control and geotextile products for professional and industrial projects.
The acquisition is expected to complement Core & Main's existing geosynthetics product portfolio and accelerate growth in the Southeast region. GroGreen's strong presence and distribution capabilities in the area are seen as key assets. Core & Main's leadership views the acquisition as a strategic fit, citing GroGreen's commitment to superior service and high-quality products as aligning with their own business values.
Core & Main Inc. (NYSE: CNM) ha annunciato un accordo definitivo per acquisire GroGreen Solutions Georgia, un fornitore leader di prodotti per il controllo dell'erosione. GroGreen, fondata nel 2008, opera da quattro siti nel sud-est degli Stati Uniti, offrendo un portafoglio completo di prodotti per il controllo dell'erosione e geotessili per progetti professionali e industriali.
Si prevede che l'acquisizione completi il portafoglio attuale di prodotti in geosintetici di Core & Main e acceleri la crescita nella regione sudorientale. La forte presenza di GroGreen e le sue capacità di distribuzione nella zona sono considerate risorse chiave. La leadership di Core & Main vede l'acquisizione come un abbinamento strategico, citando l'impegno di GroGreen per un servizio superiore e prodotti di alta qualità come in linea con i propri valori aziendali.
Core & Main Inc. (NYSE: CNM) ha anunciado un acuerdo definitivo para adquirir GroGreen Solutions Georgia, un proveedor líder de productos para el control de la erosión. GroGreen, establecida en 2008, opera desde cuatro ubicaciones en el sureste de los Estados Unidos, ofreciendo un portafolio completo de productos de control de erosión y geotextiles para proyectos profesionales e industriales.
Se espera que la adquisición complemente el portafolio actual de productos geosintéticos de Core & Main y acelere el crecimiento en la región del sureste. La fuerte presencia y las capacidades de distribución de GroGreen en el área son vistas como activos clave. La dirección de Core & Main considera la adquisición como una coincidencia estratégica, citando el compromiso de GroGreen con un servicio superior y productos de alta calidad, alineándose con sus propios valores comerciales.
Core & Main Inc. (NYSE: CNM)은 GroGreen Solutions Georgia을 인수하기 위한 최종 계약을 발표했습니다. GroGreen은 침식 방지 제품의 주요 공급업체로, 2008년에 설립되어 미국 남동부의 네 개 장소에서 운영되고 있으며, 전문 및 산업 프로젝트를 위한 종합적인 침식 방지 및 지오텍스타일 제품 포트폴리오를 제공합니다.
이번 인수는 Core & Main의 기존 지오합성 제품 포트폴리오를 보완할 것으로 예상됩니다 및 남동부 지역의 성장을 가속화할 것으로 보입니다. GroGreen의 강력한 존재감과 유통 능력은 중요한 자산으로 평가되고 있습니다. Core & Main의 경영진은 GroGreen의 우수한 서비스와 고품질 제품에 대한 헌신이 자신의 비즈니스 가치와 일치한다고 보며 이를 전략적으로 적합한 인수로 평가하고 있습니다.
Core & Main Inc. (NYSE: CNM) a annoncé un accord définitif pour acquérir GroGreen Solutions Georgia, un fournisseur leader de produits de contrôle de l'érosion. GroGreen, fondée en 2008, opère depuis quatre sites dans le sud-est des États-Unis, offrant un portefeuille complet de produits de contrôle de l'érosion et de géotextiles pour des projets professionnels et industriels.
On s'attend à ce que l'acquisition complète le portefeuille actuel de produits géosynthétiques de Core & Main et accélère la croissance dans la région sud-est. La forte présence et les capacités de distribution de GroGreen dans la région sont considérées comme des atouts clés. La direction de Core & Main voit cette acquisition comme un ajustement stratégique, soulignant l'engagement de GroGreen envers un service supérieur et des produits de haute qualité, en adéquation avec leurs propres valeurs commerciales.
Core & Main Inc. (NYSE: CNM) hat eine definitive Vereinbarung zur Übernahme von GroGreen Solutions Georgia, einem führenden Anbieter von Produkten zur Erosionskontrolle, angekündigt. GroGreen wurde 2008 gegründet und betreibt von vier Standorten im Südosten der Vereinigten Staaten aus ein umfassendes Portfolio von Erosionsschutz- und Geotextilprodukten für professionelle und industrielle Projekte.
Die Übernahme wird voraussichtlich das bestehende Portfolio von Geosynthetikprodukten von Core & Main ergänzen und das Wachstum in der Südostregion beschleunigen. Die starke Präsenz von GroGreen und deren Vertriebsmöglichkeiten in der Region werden als Schlüsselressourcen angesehen. Die Führung von Core & Main betrachtet die Übernahme als strategisch passend und hebt GroGreens Engagement für erstklassigen Service und hochwertige Produkte als Übereinstimmung mit ihren eigenen Unternehmenswerten hervor.
- Expansion of Core & Main's geosynthetics product portfolio
- Enhanced market presence and distribution capabilities in the Southeast
- Acquisition of a company with established expertise in erosion control products
- Strategic alignment with Core & Main's business values and customer service approach
- None.
Core & Main's acquisition of GroGreen Solutions Georgia is a strategic move to expand its geosynthetics portfolio and strengthen its presence in the southeastern U.S. This deal aligns with Core & Main's growth strategy, potentially enhancing its market share in the erosion control and geotextile products sector. While financial details are not disclosed, the acquisition of a company with four locations suggests a significant investment. The move could positively impact Core & Main's revenue and market position in the region, particularly in Georgia, Florida and Mississippi. However, investors should consider potential integration costs and the time needed to realize synergies. Overall, this acquisition appears to be a calculated step towards market expansion and product diversification for Core & Main.
This acquisition signifies Core & Main's strategic focus on the growing erosion control market. The southeastern U.S. is experiencing increased construction and infrastructure development, driving demand for erosion control solutions. GroGreen's established presence since 2008 provides Core & Main with immediate market access and expertise. The deal could potentially accelerate Core & Main's growth in this specialized sector, leveraging GroGreen's customer relationships and distribution network. Investors should note the potential for cross-selling opportunities and expanded product offerings to existing Core & Main customers. This move may also position the company to capitalize on infrastructure spending initiatives, particularly those focused on environmental protection and sustainable development in the region.
“The GroGreen team’s extensive industry expertise and broad product offering complement our existing geosynthetics product portfolio exceptionally well,” said Steve LeClair, chair and CEO of Core & Main. “GroGreen has a strong presence and outstanding distribution capabilities in the Southeast, which will allow us to accelerate our growth in the region.”
Since 2008, GroGreen has established itself as a leading provider of a comprehensive portfolio of erosion control and geotextile products for professional and industrial projects. They consistently deliver value-added solutions to help meet their customers’ unique site solution needs from four locations, two in
“GroGreen’s commitment to providing superior service and high-quality products to address the erosion control concerns of their customers makes them a strong strategic fit for us,” said Brad Cowles, president of Core & Main. “It is clear that they share our commitment to being a trusted and dependable partner, and we look forward to having them join the Core & Main family.”
“Our talented team takes considerable pride in consistently providing reliable products and support to help our customers’ projects succeed,” said Greg Jarrell, CEO of GroGreen. “I am excited for my team to start a new chapter with Core & Main, who not only shares this mindset but also provides an array of new and exciting resources and future growth opportunities for them.”
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240812809723/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.
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