Core & Main Inc. (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, has entered into a definitive agreement to acquire substantially all of the assets of Landscape & Construction Supplies LLC, a full-service provider of geosynthetics products, with two locations in the Chicago metropolitan area.
“Landscape & Construction Supplies has been a trusted name in the geosynthetics space for nearly 20 years. Having them as part of Core & Main will enhance our ability to provide customers with superior products and timely service,” said Steve LeClair, chief executive officer of Core & Main.
Since opening in 2004, Landscape & Construction Supplies built a reputation for being a quality producer of silt fence and a reliable supplier of geosynthetics, erosion control products and drainage materials. They serve customers in more than 15 states with quality services and products.
“Landscape & Construction Supplies is an exceptional geosynthetics company with a well-developed production operation,” said Brad Cowles, president of Core & Main. "This acquisition is a great addition to our existing business, and we look forward to welcoming the team to the Core & Main family."
“For close to two decades, Landscape & Construction Supplies proudly grew its business delivering erosion and sediment control products to communities across the United States,” said Daniel Yendro, owner of Landscape & Construction Supplies. “It will be exciting to continue to grow with Core & Main knowing the abundant opportunities that will be created. We look forward to expanding our reach and offering new products and services to our valued customers.”
About Core & Main
Based in St. Louis, Core & Main is a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets nationwide. With approximately 300 locations, the company provides its customers with local expertise backed by a national supply chain. Core & Main’s 4,100 associates are committed to helping their communities thrive with safe and sustainable infrastructure. Visit coreandmain.com to learn more.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning Core & Main’s financial and operating outlook, as well as any other statement that does not directly relate to any historical or current fact. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “outlook,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “preliminary,” or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. These forward-looking statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
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Robyn Bradbury, 314-995-9116
Jennifer Noonan, 314-750-9670