SiteOne Landscape Supply Grows Midwest Natural Stone Business With Acquisition of Semco Stone, LLC

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) announces the acquisition of Semco Stone, one of the largest natural stone distributors in the Midwest, enhancing its market presence. Semco operates four locations in Ohio and Missouri, providing high-quality natural stone and landscaping supplies. This acquisition marks SiteOne's seventh in 2021, reflecting its strategy to expand its range of landscape supplies and services. Both companies emphasize the value of their employees as key assets, promising a continued commitment to customer satisfaction.

Positive

• Acquisition of Semco Stone strengthens SiteOne's market position in the Midwest.
• Semco's reputation for quality products may enhance SiteOne's customer offerings.
• This is SiteOne's seventh acquisition in 2021, indicating aggressive growth strategy.

Negative

• None.

ROSWELL, Ga.--(BUSINESS WIRE)-- SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today that Semco Stone, LLC (“Semco”) has joined SiteOne.

Semco is one of the largest natural stone distributors in the Midwest with four wholesale locations in Cincinnati, Ohio; Columbus, Ohio; Kansas City, Missouri; and Perryville, Missouri, providing a full line of natural landscaping, building stone products and landscape supplies.

“Semco Stone is a tremendously successful organization with a well-known reputation for high-quality natural stone and concrete products and an experienced team who deliver an excellent customer experience,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply.

“At Semco, we believe our employees are our most important asset, a value we share with SiteOne Landscape Supply,” said Ed Robinson, Semco’s owner since 1999. “To be the best, you need the best on your team, so we are excited to join the SiteOne family and increase the benefits for both our people and our customers.”

“We are excited to welcome Semco’s associates and customers to the SiteOne family,” said Black. “This is our seventh acquisition in 2021 as we continue to expand the number of markets in which we provide a full range of landscape supplies and services to our customers.”

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/20211115006269/en/

Investor Relations:

SiteOne Landscape Supply, Inc.

470-277-7011

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 is the significance of SiteOne's acquisition of Semco Stone?

The acquisition enhances SiteOne's market reach in the Midwest and expands its product offerings.

How many locations does Semco Stone operate?

Semco Stone operates four wholesale locations in Ohio and Missouri.

What does the acquisition mean for SiteOne's growth strategy?

It indicates SiteOne's continued aggressive growth strategy, marking its seventh acquisition in 2021.

What type of products does Semco Stone provide?

Semco Stone provides a full line of natural landscaping, building stone products, and landscape supplies.