Core & Main Signs Definitive Agreement to Acquire Catalone Pipe & Supply | Business
ST. LOUIS – (BUSINESS WIRE) – October 19, 2021–
Core & Main, Inc. (NYSE: CNM) (together with its subsidiaries, “Core & Main”), a leading specialty distributor of water, wastewater, storm drainage and fire protection products and related services , today announced that it has entered into a definitive agreement to acquire substantially all of the assets of Catalone Pipe & Supply Co., a full service provider of water supply products and services, and custom concrete sumps , based in Penfield, Pa.
“A full service provider like Catalone Pipe & Supply aligns with the reliable expertise we offer across the water supply industry. The Catalone team has a long tradition of providing the customer with what they need, when they need it. We admire that kind of reliability, ”said Steve LeClair, CEO of Core & Main.
Core & Main currently serves Pennsylvania from its sites in Allentown, Harrisburg, Latrobe, Plymouth Meeting and State College.
“We are excited to expand our water footprint in the North East,” said Jack Schaller, President of Core & Main Waterworks. “The Catalone Pipe & Supply group works hard to exceed customer expectations and deliver quality products.
Craig Catalone, President of Catalone Pipe & Supply, said: “I think our team at Catalone Pipe & Supply is second to none. They are a group of dedicated individuals who are passionate about what they do. I believe Core & Main share this same passion. We look forward to starting to collaborate with their local teams to improve our customer base and continue to provide quality products and services to our community. I’m also excited to be able to offer my team greater opportunities that come with a bigger organization. “
Founded in 1985, Catalone Pipe & Supply offers a wide variety of water, wastewater, electrical and concrete sump pipes, among many other products, and sets itself apart by providing customers with customized solutions to minimize the installation time and costs.
About Core & Main
Based in St. Louis, Core & Main is a leading specialty distributor of water, wastewater, stormwater drainage and fire protection products, as well as related services, to municipalities, cities, towns and cities. private water companies and professional contractors in municipal, non-residential and residential end markets nationwide. . With more than 285 locations, the company offers its customers local expertise supported by a national supply chain. Core & Main’s 3,700 associates are committed to helping their communities thrive with safe and sustainable infrastructure. Visit coreandmain.com to learn more.
Caution Regarding Forward-Looking Statements
Certain statements 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 regarding the financial and operational prospects of Core & Main, as well as any other statement. which does not relate directly to any historical or current fact. In some cases, you can identify forward-looking statements by words such as “may”, “will”, “could”, “should”, “plans”, “outlook”, “belief”, “estimates”, “predict” , “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 cannot assure you that these expectations will 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 results, levels of activity, performance or achievements actuals differ materially from the results, levels of activity, performance or achievements expressed or implied by such forward-looking statements.
Additional information regarding these and other factors can be found in our filings with the Securities and Exchange Commission. All forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All of these statements speak only as of the date of their publication and, except as required by law, we assume no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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CONTACT: Investor Relations:
Robyn Bradbury, 314-995-9116
[email protected] Media Relations:
Jennifer Noonan, 314-750-9670
KEYWORD: UNITED STATES NORTH AMERICA MISSOURI
INDUSTRY KEYWORD: UTILITIES OTHER CONSTRUCTION AND PROPERTY MANUFACTURING ENERGY CONSTRUCTION AND PROPERTY BUILDING SYSTEMS OTHER MANUFACTURING
SOURCE: Core & Main, Inc.
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PUB: 10/19/2021 5:27 PM / DISC: 10/19/2021 5:27 PM