Core & Main Signs Agreement to Acquire Dana Kepner, Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Core & Main, a specialized distributor of water, wastewater, storm drainage and fire protection products, has signed an agreement to acquire Dana Kepner Company, a waterworks distributor. The financial terms of the deal were not disclosed. This acquisition is expected to expand Core & Main's footprint and enhance its distribution capabilities.
January 30, 2024 | 9:20 pm
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Core & Main's agreement to acquire Dana Kepner Company is likely to expand its market presence and distribution capabilities in the waterworks sector.
The acquisition of Dana Kepner Company by Core & Main is a strategic move to enhance its distribution network, which could lead to increased market share and revenue growth. Although the financial terms were not disclosed, such acquisitions typically aim to create value for the acquiring company. The lack of financial details makes it difficult to assess the full impact, but the strategic nature of the acquisition suggests a positive outlook for Core & Main's short-term stock performance.
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