BellStone Joins SiteOne Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has successfully completed its acquisition of BellStone Masonry Supply, a wholesale distributor located in Fort Worth, Texas. This marks SiteOne's second acquisition in 2022 as it aims to expand its footprint in the landscape supply industry. Both the CEO of SiteOne and the founder of BellStone expressed enthusiasm about the partnership, highlighting shared values and the potential for growth in the Fort Worth market. SiteOne remains the largest national wholesale distributor of landscape supplies in the U.S. and is expanding its presence in Canada.

Positive

• Acquired BellStone Masonry Supply, enhancing market presence in Fort Worth, Texas.
• Second acquisition in 2022, indicating aggressive growth strategy.
• Partnership expected to enhance product offerings and customer service.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today the company completed its acquisition of BellStone Masonry Supply (“BellStone”), a wholesale distributor of hardscapes products and landscape supplies with one location in the Fort Worth, Texas market.

“BellStone is a terrific family business with a long history of giving its customers a business advantage through superior quality products, efficiency and service,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “We are excited to have them join the SiteOne family and expand upon the hardscapes products and services we offer to our combined customers in the fast-growing Fort Worth market.”

“BellStone was established on hard work and high-quality products. It became a family venture when my son, Ronald T. Bell, joined in 2000, and I could not be prouder of what we established together,” said Ronald W. Bell, founder and co-owner of BellStone. “We couldn’t be more excited to partner with SiteOne, a team that shares our values and will continue expanding on our core principles and ideas.”

This is the second acquisition in 2022 for SiteOne as the company continues to expand the number of markets in which it offers the full range of landscape supplies and services to landscape professionals.

About SiteOne Landscape Supply:

SiteOne Landscape Supply (NYSE: SITE), is the largest and only national wholesale distributor of landscape supplies in the United States and has a growing presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. https://www.siteone.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220422005352/en/

Investor Relations:

SiteOne Landscape Supply, Inc.

470-270-7011

investors@siteone.com

or

Media:

SiteOne Landscape Supply, Inc.

Allison Flynn

Director, Integrated Marketing

470-277-7293

AFlynn@SiteOne.com

Source: SiteOne Landscape Supply

FAQ

What is SiteOne Landscape Supply's recent acquisition announcement?

SiteOne Landscape Supply announced the acquisition of BellStone Masonry Supply to expand its operations in Fort Worth, Texas.

What does the acquisition of BellStone mean for SiteOne (SITE)?

The acquisition enhances SiteOne's market presence and product offerings in the fast-growing Fort Worth market.

How many acquisitions has SiteOne made in 2022?

SiteOne has completed two acquisitions in 2022.

Where is BellStone Masonry Supply located?

BellStone Masonry Supply operates in Fort Worth, Texas.

What is the main focus of SiteOne Landscape Supply?

SiteOne focuses on being a national wholesale distributor of landscape supplies for residential and commercial professionals.