Core & Main Signs Agreement To Acquire Foster Supply; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Core & Main has signed an agreement to acquire Foster Supply, a distributor of construction materials. The terms of the deal have not been disclosed.
May 22, 2023 | 8:17 pm
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Core & Main (CNM) is set to acquire Foster Supply, potentially expanding its construction materials distribution business.
The acquisition of Foster Supply by Core & Main (CNM) is expected to have a positive short-term impact on CNM's stock price. The deal will likely expand CNM's construction materials distribution business, potentially increasing revenues and market share.
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