Core & Main, a specialised distributor of water, wastewater, storm drainage and fire protection products, and related services, is taking over L & M Bag & Supply Co, and some of its affiliates. The two have entered into a definitive agreement in this connection. This marks Core & Main's 13th transaction since becoming an independent company in August 2017.
Under the agreement, Core & Main is to acquire substantially all of the assets of L & M Bag & Supply Co, and some of its affiliates.Core & Main, a specialised distributor of water, wastewater, storm drainage and fire protection products, and related services, is taking over L & M Bag & Supply Co, and some of its affiliates. The two have entered into a definitive agreement in this connection. This marks Core & Main's 13th transaction since becoming an independent company in August 2017.#
"L & M is an exceptional company with a strong history in geotextiles and geosynthetics, and a well-developed erosion control materials manufacturing operation. This strategic opportunity will allow us to enhance Core & Main's erosion control expertise to further serve our customers nationwide," said Steve LeClair, chief executive officer of Core & Main.
Headquartered in Willacoochee, Ga, L & M Bag & Supply Co, is a specialised 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 US Erosion Control Products, an entity included in the transaction. These products assist in minimising soil erosion and runoff at construction sites.
"Over the past three decades, we have built L & M into one of the nation's leading suppliers in erosion control products," said Quentin McMillan, chief executive officer of L & M Supply & Bag Co. "By combining forces with Core & Main, we will have a larger reach for our products, enhance Core & Main's geotextile and erosion control product lines, and provide our dedicated team with greater developmental opportunities in a larger organisation."
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