Core & Main Agrees To Acquire Substantially All Of The Assets Of Lee Supply Company; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Core & Main has agreed to acquire substantially all of the assets of Lee Supply Company, a distributor and fabricator of HDPE pipe and related services. The financial terms of the deal were not disclosed.
November 14, 2023 | 10:18 pm
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POSITIVE IMPACT
Core & Main's acquisition of Lee Supply Company could potentially expand its market share and product offerings in the HDPE pipe and services sector.
The acquisition of Lee Supply Company by Core & Main is likely to be viewed positively by investors as it could lead to increased market share and enhanced product and service offerings. However, without financial terms disclosed, the exact impact on financials remains uncertain, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100