Core & Main Signs Agreement to Acquire Eastcom Associates Inc; No Financial Terms Dislocsed
Portfolio Pulse from Benzinga Newsdesk
Core & Main Inc. (NYSE:CNM) has signed an agreement to acquire Eastcom Associates Inc., a distributor of underground utility protection equipment. The acquisition aims to enhance Core & Main's infrastructure services. Financial terms were not disclosed.
October 09, 2024 | 8:19 pm
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Core & Main Inc. is acquiring Eastcom Associates Inc. to expand its infrastructure services. This strategic move could strengthen CNM's market position in utility protection equipment.
The acquisition of Eastcom Associates Inc. by Core & Main Inc. is a strategic move to enhance its product offerings in the utility protection equipment sector. This could potentially lead to increased market share and revenue growth for CNM, positively impacting its stock price in the short term.
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