Core & Main Signs Agreement to Acquire GroGreen Solutions Georgia LLC
12 Agosto 2024 - 10:15PM
Business Wire
Core & Main Inc. (NYSE: CNM), a leader in advancing reliable
infrastructure with local service, nationwide, has entered into a
definitive agreement to acquire substantially all of the assets of
GroGreen Solutions Georgia, LLC (GroGreen), a leading provider of
erosion control products with four locations across the
southeastern United States.
“The GroGreen team’s extensive industry expertise and broad
product offering complement our existing geosynthetics product
portfolio exceptionally well,” said Steve LeClair, chair and CEO of
Core & Main. “GroGreen has a strong presence and outstanding
distribution capabilities in the Southeast, which will allow us to
accelerate our growth in the region.”
Since 2008, GroGreen has established itself as a leading
provider of a comprehensive portfolio of erosion control and
geotextile products for professional and industrial projects. They
consistently deliver value-added solutions to help meet their
customers’ unique site solution needs from four locations, two in
Georgia, one in Florida and one in Mississippi.
“GroGreen’s commitment to providing superior service and
high-quality products to address the erosion control concerns of
their customers makes them a strong strategic fit for us,” said
Brad Cowles, president of Core & Main. “It is clear that they
share our commitment to being a trusted and dependable partner, and
we look forward to having them join the Core & Main
family.”
“Our talented team takes considerable pride in consistently
providing reliable products and support to help our customers’
projects succeed,” said Greg Jarrell, CEO of GroGreen. “I am
excited for my team to start a new chapter with Core & Main,
who not only shares this mindset but also provides an array of new
and exciting resources and future growth opportunities for
them.”
About Core & Main
Based in St. Louis, Core & Main is a leader in advancing
reliable infrastructure™ with local service, nationwide®. As a
leading specialized distributor with a focus on water, wastewater,
storm drainage and fire protection products and related services,
Core & Main provides solutions to municipalities, private water
companies and professional contractors across municipal,
non-residential and residential end markets, nationwide. With more
than 350 locations across the U.S., the company provides its
customers local expertise backed by a national supply chain. Core
& Main’s nearly 5,500 associates are committed to helping their
communities thrive with safe and reliable 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
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“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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version on businesswire.com: https://www.businesswire.com/news/home/20240812809723/en/
Investor Relations: Robyn Bradbury, 314-995-9116
InvestorRelations@CoreandMain.com
Media Relations: Jennifer Noonan, 314-750-9670
Jennifer.Noonan@CoreandMain.com
Grafico Azioni Core and Main (NYSE:CNM)
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Da Dic 2024 a Gen 2025
Grafico Azioni Core and Main (NYSE:CNM)
Storico
Da Gen 2024 a Gen 2025