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Core & Main Completes Acquisition of Inland Water Works Supply Co.

·3-min read

ST. LOUIS, August 08, 2022--(BUSINESS WIRE)--Core & Main, Inc., (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage, fire protection products and related services, has closed its previously announced acquisition of substantially all of the assets of Inland Water Works Supply Co., a full-service distributor of water and wastewater products, based in San Bernardino, California.

"We look forward to strengthening our team in Southern California with the addition of Inland Water Works Supply," said Steve LeClair, chief executive officer of Core & Main. "With their location in the San Bernardino area, we gain an enhanced presence in the local market, and we are excited to continue providing all of our customers with the same excellent customer service they’ve come to expect from Inland Water Works Supply."

Inland Water Works Supply has grown its business over the years through attention to detail and commitment to outstanding customer service to meet the demands of the waterworks industry. It offers a broad array of water and wastewater materials to satisfy the needs of its customers in the municipal and utility markets.

"It has been obvious from the beginning that Inland Water Works Supply’s focus on building exceptional customer relationships and taking care of its employees makes it a great fit with Core & Main," said Jack Schaller, president of Core & Main Waterworks. "I am excited to welcome them to the Core & Main family."

Established in 1952, Inland Water Works Supply provides quality products for new water and sewer construction as well as for the maintenance and repair of existing water and sewer systems to municipalities and contractors throughout Southern California. The company’s facility is located in San Bernardino, California.

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 more than 300 locations, the company provides its customers 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220808005713/en/

Contacts

Investor Relations:
Robyn Bradbury, 314-995-9116
InvestorRelations@CoreandMain.com

Media Relations:
Jennifer Noonan, 314-750-9670
Jennifer.Noonan@CoreandMain.com