Core & Main To Acquire CES Industrial Piping Supply For Undisclosed Sum

  • Core & Main Inc. CNM agreed to acquire substantially all of the assets of CES Industrial Piping Supply, a full-service provider of HDPE (high-density polyethylene) products and services, based in Kansas City, Missouri. The financial terms of the deal were not disclosed.
  • Core & Main currently serves the Kansas City region from its locations in Blue Springs, Missouri and Olathe, Kansas.
  • CES Industrial Piping Supply offers a complete line of HDPE pipes, fittings, and fusion machines. The team serves such markets as industrial, oil and gas, water, wastewater, wind energy, landfill, mining, environmental, and power plants.
  • Core & Main held cash and cash equivalents of $66.6 million as of August 1, 2021.
  • Price Action: CNM shares are trading higher by 0.61% at $27.95 during the premarket session on Thursday.
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