Core & Main Signs Agreement to Acquire ARGCO Northeast LLC
Core & Main Inc. (NYSE: CNM), a leading specialty distributor of infrastructure products, has announced a definitive agreement to acquire ARGCO Northeast , a fire protection products distributor based in Saddle Brook, New Jersey. This acquisition aims to enhance Core & Main's expertise in fire protection and expand its product and service offerings.
Mike Huebert, president of Core & Main, emphasized the alignment of ARGCO Northeast's commitment to partnership with Core & Main's values. Richard Dehn, general manager of ARGCO Northeast, expressed excitement about joining forces with an industry leader and the potential benefits for customers and associates, including expanded resources and career development opportunities.
Core & Main Inc. (NYSE: CNM), un importante distributore specializzato di prodotti per le infrastrutture, ha annunciato un accordo definitivo per acquisire ARGCO Northeast, un distributore di prodotti per la protezione antincendio con sede a Saddle Brook, New Jersey. Questa acquisizione punta a migliorare l'expertise di Core & Main nella protezione antincendio e ad ampliare la sua gamma di prodotti e servizi.
Mike Huebert, presidente di Core & Main, ha sottolineato l'allineamento dell'impegno di ARGCO Northeast verso la partnership con i valori di Core & Main. Richard Dehn, direttore generale di ARGCO Northeast, ha espresso entusiasmo per l'unione con un leader del settore e i potenziali benefici per i clienti e i collaboratori, inclusi maggiori risorse e opportunità di sviluppo professionale.
Core & Main Inc. (NYSE: CNM), un distribuidor especializado líder de productos de infraestructura, ha anunciado un acuerdo definitivo para adquirir ARGCO Northeast, un distribuidor de productos de protección contra incendios con sede en Saddle Brook, Nueva Jersey. Esta adquisición tiene como objetivo mejorar la experiencia de Core & Main en protección contra incendios y expandir su oferta de productos y servicios.
Mike Huebert, presidente de Core & Main, enfatizó la alineación del compromiso de ARGCO Northeast con los valores de Core & Main. Richard Dehn, gerente general de ARGCO Northeast, expresó su entusiasmo por unir fuerzas con un líder de la industria y los beneficios potenciales para los clientes y asociados, incluidos recursos ampliados y oportunidades de desarrollo profesional.
Core & Main Inc. (NYSE: CNM), 인프라 제품의 주요 전문 유통업체,는 뉴저지주 새들브룩에 본사를 둔 화재 보호 제품 유통업체인 ARGCO Northeast를 인수하기 위한 확정 계약을 발표했습니다. 이번 인수는 Core & Main의 화재 보호 전문성을 강화하고 제품 및 서비스 제공 범위를 확장하려는 목표를 가지고 있습니다.
Core & Main의 사장인 Mike Huebert는 ARGCO Northeast의 파트너십에 대한 헌신이 Core & Main의 가치와 일치한다고 강조했습니다. ARGCO Northeast의 총괄 관리자 Richard Dehn은 업계 리더와 함께 힘을 합치는 것에 대한 기대감과 고객 및 직원에게 제공될 수 있는 확대된 자원과 경력 개발 기회 등의 잠재적 혜택에 대해 흥분을 표했습니다.
Core & Main Inc. (NYSE: CNM), un distributeur spécialisé de premier plan de produits d'infrastructure, a annoncé un accord définitif pour acquérir ARGCO Northeast, un distributeur de produits de protection incendie basé à Saddle Brook, dans le New Jersey. Cette acquisition vise à renforcer l'expertise de Core & Main en protection incendie et à élargir son offre de produits et de services.
Mike Huebert, président de Core & Main, a souligné l'alignement de l'engagement d'ARGCO Northeast en matière de partenariat avec les valeurs de Core & Main. Richard Dehn, directeur général d'ARGCO Northeast, a exprimé son enthousiasme à l'idée de se joindre à un leader du secteur et des avantages potentiels pour les clients et les associés, y compris des ressources élargies et des opportunités de développement professionnel.
Core & Main Inc. (NYSE: CNM), ein führender Spezialdistributor für Infrastrukturprodukte, hat eine definitive Vereinbarung zur Übernahme von ARGCO Northeast, einem Distributor von Brandschutzprodukten mit Sitz in Saddle Brook, New Jersey, angekündigt. Diese Übernahme zielt darauf ab, die Expertise von Core & Main im Bereich Brandschutz zu verbessern und das Produkt- und Dienstleistungsangebot zu erweitern.
Mike Huebert, Präsident von Core & Main, betonte die Übereinstimmung des Engagements von ARGCO Northeast für Partnerschaften mit den Werten von Core & Main. Richard Dehn, Geschäftsführer von ARGCO Northeast, äußerte seine Begeisterung über die Zusammenarbeit mit einem Branchenführer und die potenziellen Vorteile für Kunden und Mitarbeiter, einschließlich erweiterter Ressourcen und Karrieremöglichkeiten.
- Acquisition expands Core & Main's fire protection product offerings
- Enhances expertise and knowledge in fire protection industry
- Potential for increased market presence in the Northeast region
- Opportunity for expanded customer base and service capabilities
- None.
Insights
Core & Main's acquisition of ARGCO Northeast is a strategic move that could enhance its market position in the fire protection sector. This deal aligns with CNM's growth strategy through acquisitions, potentially expanding its product offerings and customer base in the Northeast region.
Key points to consider:
- The acquisition strengthens CNM's fire protection product line, which could lead to increased revenue streams.
- Expansion into the New Jersey market may provide cross-selling opportunities and operational synergies.
- The deal's financial terms are not disclosed, making it difficult to assess the immediate impact on CNM's financials.
- Integration costs and potential revenue synergies will be important factors to monitor in upcoming quarters.
While this acquisition is likely positive for CNM's long-term growth, its impact on short-term financials remains uncertain without specific financial details. Investors should watch for updates on integration progress and any guidance on expected contribution to revenue or earnings in future reports.
"The ARGCO Northeast team's commitment to being a trusted partner mirrors that of Core & Main," said Mike Huebert, president of Core & Main. "The added expertise and knowledge the team brings will bolster our ability to deliver quality fire protection products and services to our valued customers. I look forward to welcoming them into the Core & Main family.”
ARGCO Northeast provides a wide array of quality products and services to the fire protection industry. Its dedicated and experienced staff consistently delivers outstanding support to customers out of its
"ARGCO Northeast is an accomplished distributor focused on providing our valued customers with top-quality fire protection products," said Richard Dehn, general manager of ARGCO Northeast. "It is exciting to team up with an industry leader like Core & Main that shares similar values. We look forward to furthering our customers' success with the additional resources Core & Main will provide, including expanded product and service offerings and new opportunities for associate career development, training and personal and professional growth."
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View source version on businesswire.com: https://www.businesswire.com/news/home/20241009797025/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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