On May 22, St. Louis-based waterworks and industrial supplies distributor Core & Main announced it has entered into a definitive agreement to acquire substantially all of the assets of Foster Supply Inc. and R.P. Foster Inc. — collectively Foster Supply — a full-service provider of precast concrete structures, pipe, drainage materials and related geosynthetics products.
“Foster Supply is a long-established partner of choice for contractors and municipalities seeking innovative solutions to unique work site challenges,” said Steve LeClair, CEO of Core & Main. “Bringing the Foster Supply team into Core & Main will allow us to combine our collective expertise and differentiated product and service offerings to better meet the needs of our waterworks and geosynthetics customers.”
Founded in 1981, Foster Supply is a producer, installer and distributor of specialty precast concrete products, storm drains and other erosion control solutions. The company operates out of seven locations — two in Kentucky, one in Tennessee and four in West Virginia.
“Foster Supply’s impressive history and commitment to delivering quality products and unmatched service is a strong complement to our existing geosynthetics product offering,” said Brad Cowles, President of Core & Main. “It will be a pleasure to welcome them into the Core & Main family.”
Core & Main plans to report its 2023 first-quarter financial results on June 6.