Core & Main Completes Acquisition of Midwest Pipe Supply Inc.
Summary
ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has closed its acquisition of substantially all of the assets of Midwest Pipe Supply Inc., a distributor of drainage and waterworks products located in Clear Lake, Iowa. “With its strong reputation, dedicated team and reliable local presence, we believe Midwest Pipe Supply will bring Core & Main a significant opportunity to expand our drainage and waterworks reach in Iowa,” said Steve LeClair, chief executive officer of Core & Main. The company offers a wide range of products for contractors, municipalities and agriculture customers throughout the state from its Clear Lake, Iowa location. “Midwest Pipe Supply’s dedication to providing its customers with outstanding service and the depth of knowledge its team brings within their local market will make it a great addition to our existing business,” said Jack Schaller, president of Core & Main. 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.