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 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.”
Turner Supply Celebrates 115 Years in Business Family-owned industrial distributor is commemorating more than a century of service to suppliers and customers. Author
Family-owned industrial distributor Turner Supply, Mobile, Alabama, this month is celebrating its 115th birthday.
Founded in 1905 by W. Marshall Turner, Turner Supply was based on two important business principles “to deliver only the highest quality products from the best manufacturers with cost efficiency, and to seamlessly adapt the product offering to customer’s needs.”
The company says “These same principles have consistently guided the company throughout its existence and have helped Turner Supply reach this milestone of 115 years of service. The core values of Turner Supply Empowerment, Development, Execution, Teamwork, Innovation and Leadership have guided four generations of family ownership into today and will carry the company into the next 115 years.”