Timberwall Landscape & Masonry Products Joins SiteOne Landscape Supply

Rhea-AI Summary

SiteOne Landscape Supply (NYSE: SITE) has announced the acquisition of Timberwall Landscape & Masonry Products, enhancing its presence in the Twin Cities market. Timberwall, located in Victoria, Minnesota, specializes in hardscape products and landscaping supplies for professionals and homeowners. This acquisition is part of SiteOne's strategy to expand its geographic coverage and service offerings, following its previous acquisition of Hedberg Supply. Both companies aim to provide superior value and service to customers in the green industry.

Positive

• Acquisition of Timberwall expands SiteOne's geographic coverage in the Twin Cities.
• Strengthens SiteOne's product offerings to landscape professionals and homeowners.
• Third acquisition in 2021, indicating a robust growth strategy and market expansion.

Negative

• None.

SiteOne® Landscape Supply, Inc. (NYSE: SITE) announced today that Timberwall Landscape & Masonry Products has joined SiteOne. Timberwall serves the Twin Cities market with one location in Victoria, Minnesota focused on the distribution of hardscapes products and landscape supplies to landscape professionals and homeowners.

“Timberwall is a true market leader and a great fit with SiteOne as they expand our geographic coverage in the Twin Cities. They are a great complement to the Hedberg Supply team that joined us last year. This advances our mission to be the best full-line distributor to landscape professionals in all major U.S. and Canadian markets,” said Doug Black, Chairman and CEO of SiteOne Landscape Supply.

“We are excited to join the SiteOne family and strengthen our commitment to providing the highest level of value, service, and products to our loyal customers,” said Jason Jereczek, one of the principles of Timberwall Landscape & Masonry Products. “Our employees are our greatest asset and we look forward to the opportunities they will now have as part of a best-in-class national organization.”

“Timberwall has a passionate and talented team focused on providing excellent quality, service and value to their customers, and we are excited to have them as part of our family. We are committed to delivering the best customer experience in the Green Industry, and the combination of Timberwall and SiteOne brings us one step closer to achieving that goal,” said Black. “This is our third acquisition in 2021 as we continue to expand into new markets and increase the number of markets in which we provide a full range of landscape products 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/20210503005127/en/

FAQ

What is the significance of SiteOne's acquisition of Timberwall?

The acquisition enhances SiteOne's market presence in the Twin Cities and expands its offerings to landscape professionals and homeowners.

When did SiteOne acquire Timberwall?

SiteOne announced the acquisition of Timberwall on May 3, 2021.

How does the Timberwall acquisition affect SiteOne's operations?

The acquisition allows SiteOne to improve its service and product delivery in the Twin Cities, complementing its existing operations.

What market does Timberwall serve?

Timberwall serves the Twin Cities market, focusing on hardscape products and landscape supplies.

What is SiteOne's strategy with recent acquisitions?

SiteOne's strategy involves expanding its geographic coverage and increasing its market presence through targeted acquisitions.