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SiteOne Landscape Supply Acquires Minnesota Distributor


SiteOne Landscape Supply Acquires Minnesota Distributor
Landscape distributor adds Twin Cities company Timberwall Landscape & Masonry Products to its portfolio.
Author
SiteOne Landscape Supply Inc. (NYSE: SITE), Roswell, Georgia, has acquired Minnesota-based Timberwall Landscape & Masonry Products. Financial terms of the deal weren’t disclosed.
Timberwall serves the Twin Cities market with one location in Victoria, Minnesota, focused on the distribution of hardscapes products and landscape supplies to landscape professionals and homeowners.
“Timberwall is a true market leader and a great fit with SiteOne as they expand our geographic coverage in the Twin Cities,” said Doug Black, chairman and CEO of SiteOne Landscape Supply. “They are a great complement to the Hedberg Supply team that joined us last year. This advances our mission to be the best full-line distributor to landscape professionals in all major U.S. and Canadian markets.” ....

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SiteOne Sales Jump 15% in 2020 - Modern Distribution Management


SiteOne Sales Jump 15% in 2020
Landscape supply distributor SiteOne Landscape Supply Inc. also reported that revenue grew 26% in the fourth quarter.
Author
SiteOne Landscape Supply Inc. (NYSE: SITE), Roswell, Georgia, on Wednesday announced sales for 2020 of $2.7 billion, up 15% from 2019. Net income was up 56% to $121.3 million.
“The stay-at-home trend associated with COVID-19 has increased demand for new homes and accelerated investment in outdoor living, both of which have increased demand for landscaping products,” said Doug Black, SiteOne’s chairman and CEO. “This strong demand, coupled with our market share gains, helped us to achieve 8% Organic Daily Sales growth for the year. Our teams leveraged the strong sales growth through disciplined cost management and great execution of our initiatives to achieve excellent Adjusted EBITDA growth, Adjusted EBITDA margin expansion and record operating cash flow.” ....

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