J&J Materials Joins SiteOne Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has successfully completed the acquisition of J&J Materials, a prominent distributor of hardscapes with operations in Rhode Island and Southeastern Massachusetts. This strategic move marks SiteOne's first acquisition of 2023, aimed at enhancing its hardscapes offerings in these regions. Doug Black, CEO, emphasized the strong reputation of J&J for customer service, while John Ferreira, founder of J&J, expressed excitement about joining SiteOne to improve service for their clients. This acquisition aims to bolster SiteOne's market presence and product range in the landscape supply sector.

Positive

• Acquisition of J&J Materials enhances hardscapes offerings.
• Strengthens presence in Rhode Island and Southeastern Massachusetts markets.
• First acquisition in 2023 indicates growth strategy.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today the company completed its acquisition of J&J Materials (“J&J”), a leading wholesale distributor of hardscapes products with five locations in Rhode Island and Southeastern Massachusetts.

“We are excited to welcome the J&J Materials team and its customers to the SiteOne family and expand our hardscapes offering in the Southeastern Massachusetts and Rhode Island markets,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “J&J has built an impressive team with an exceptional reputation for excellent customer service. They are a terrific complement to our existing business.”

“SiteOne is a natural fit to continue our outstanding history of providing quality products and outstanding customer service,” said John Ferreira, founder of J&J Materials. “We are excited to join the team and provide enhanced opportunities for our dedicated associates and our valued customers.”

This is the first acquisition in 2023 for SiteOne as the company continues to expand the number of markets in which it offers the full range of landscape supplies and services.

About SiteOne Landscape Supply:

SiteOne Landscape Supply (NYSE: SITE), is the largest and only national full product line 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/20230316005028/en/

Investor Relations:

SiteOne Landscape Supply, Inc.

470-270-7011

investors@siteone.com

or

Media:

SiteOne Landscape Supply, Inc.

Allison Flynn 470-277-7293

Director, Integrated Marketing

AFlynn@SiteOne.com

Source: SiteOne Landscape Supply

FAQ

What did SiteOne announce on March 16, 2023?

SiteOne announced the acquisition of J&J Materials, a leading distributor of hardscapes.

What markets will SiteOne expand into with the J&J acquisition?

SiteOne will expand its hardscapes offerings in Rhode Island and Southeastern Massachusetts.

Is the acquisition of J&J Materials SiteOne's first in 2023?

Yes, it is SiteOne's first acquisition in 2023.

What is the significance of the J&J Materials acquisition for SiteOne?

The acquisition strengthens SiteOne's market presence and product offerings in the landscape supply industry.