Core & Main Completes Deal to Buy L & M Bag & Supply Co. - Modern Distribution Management

Core & Main Completes Deal to Buy L & M Bag & Supply Co.

Core & Main’s L&M Bag & Supply deal was the company's 14th acquisition since becoming an independent entity in 2017.
Core & Main Fy 2021 sales

Core & Main LP, based in St. Louis, Missouri, announced on Monday that it has closed its previously announced deal to buy substantially all of the assets of L & M Bag & Supply Co. Inc. The deal, which was first announced in June, marked Core & Main’s 14th acquisition since becoming an independent company in August 2017.

L & M Bag & Supply Co., Inc., which is based in based in Willacoochee, Georgia, is a supplier of geotextile fabrics and geogrids, as well as silt fences, turbidity barriers and safety fences, weed control fabric, and sod staples.

Founded in 1992, L & M also manufactures a variety of blanket and wattle products through U.S. Erosion Control Products, Inc., an entity that was included in the Core & Main transaction. Financial terms of the deal weren’t released.

“We are excited to welcome the L & M group into the Core & Main family,” said Jack Schaller, president of Core & Main Waterworks. “We look forward to growing together and learning how we can make a positive impact throughout our local communities.”

In May, Core & Main, which is ranked No. 10 on MDM’s 2021 Top 40 Distributor list, announced that it planned to go public after filing paperwork with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). In July, Core & Main launched the roadshow for its IPO. Core & Main Inc is targeting a valuation of up to $7.5 billion in its IPO, according to a story by Reuters.

Core & Main, which is a distributor of water, wastewater, storm drainage and fire protection products, was sold by HD Supply in 2017 to private investment firm Clayton, Dubilier & Rice for $2.5 billion. Core & Main’s specialty products and services are used in the maintenance, repair, replacement and construction of water and fire protection infrastructure.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!