St. Louis-based Core & Main Inc. (NYSE: CNM), a specialized distributor of water, wastewater, storm drainage and fire protection products, announced Tuesday 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 waterworks products and services, and custom concrete catch basins, based in Penfield, Pennsylvania.
“A full-service provider like Catalone Pipe & Supply aligns with the dependable expertise we offer throughout the waterworks industry,” said Steve LeClair, CEO of Core & Main. “The Catalone team has a strong history of providing the customer what they need, when they need it. We admire that kind of dependability.”
Financial details of the agreement were not announced.
Core & Main ranks No. 1 on MDM’s Top Distributors list for PVF distributors, with $3.6 billion in revenue in 2020.
The company also ranks No. 10 on MDM’s list for top industrial and construction distributors.
Core & Main currently serves Pennsylvania from its locations in Allentown, Harrisburg, Latrobe, Plymouth Meeting and State College.
“We’re excited to expand our waterworks footprint in the Northeast,” said Jack Schaller, president of Core & Main Waterworks. “The group at Catalone Pipe & Supply works hard to exceed their customers’ expectations and deliver quality products.”
Catalone Pipe & Supply offers water, wastewater, electrical conduits and concrete catch basins, among many other products, and distinguishes itself on supplying its customers with custom solutions to minimize installation time and costs, Core & Main said.
Earlier this month, Core & Main announced it had closed its previously reported acquisition of CES Industrial Piping Supply.