Preferred Seed Joins SiteOne Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has completed the acquisition of Preferred Seed, a leading wholesale distributor of seed and agronomics based in New York and Pennsylvania. This marks SiteOne's third acquisition in 2022, enhancing its market presence in landscape supplies. Doug Black, CEO of SiteOne, praised Preferred Seed's reputation for excellent customer service. The partnership aims to expand opportunities for both teams and customers while continuing the tradition of personal service. SiteOne remains the largest national distributor of landscape supplies in the U.S.

Positive

• Acquisition of Preferred Seed strengthens SiteOne's market position in New York and Pennsylvania.
• This is SiteOne's third acquisition in 2022, indicating strong growth strategy.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today the company completed its acquisition of Preferred Seed, a wholesale distributor of seed and agronomics products with one location serving the Buffalo, Rochester, and Erie markets in New York and Pennsylvania.

“Preferred Seed is a strong market leader in seed and agronomics products in upstate New York with a terrific team,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply. “With their extensive experience, wealth of knowledge, and exceptional reputation for excellent customer service, they are a perfect complement to our existing business and a great addition to the SiteOne family.”

“We’re excited to see how Preferred Seed will continue to grow as part of the SiteOne Landscape Supply family,” said Jack Bryant, co-owner of Preferred Seed. “This partnership will enhance opportunities for our team and our customers.”

“We pride ourselves on outstanding and personal customer service and know that SiteOne will help us continue that tradition,” said Garrett Coleman, co-owner of Preferred Seed. “We look forward to continuing to serve our customers with expanded capabilities and the same friendly service they’re accustomed to.”

This is the third 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/20220429005535/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, Inc.

FAQ

What did SiteOne Landscape Supply announce on the acquisition of Preferred Seed?

SiteOne announced the completion of its acquisition of Preferred Seed, enhancing its distribution capabilities in New York and Pennsylvania.

How does the acquisition of Preferred Seed affect SiteOne's market strategy?

The acquisition strengthens SiteOne's market presence and expands opportunities for growth in landscape supplies.

When was the acquisition of Preferred Seed completed by SiteOne?

The acquisition was completed in 2022.

What is the significance of the Preferred Seed acquisition for SiteOne's customers?

The acquisition is expected to enhance customer service and expand product offerings.