![]() For the third quarter, buyouts boosted sales by $73.5 million or 10% on a year-over-year basis. In the first three quarters of 2021, the amount invested for purchasing businesses (net of acquired cash) totaled $71.1 million. SiteOne Landscape considers acquisitions as one of the preferred modes for expanding product offerings, services, customer base and market penetration. Also, the buyout will enhance SiteOne Landscape’s storage capabilities and the revenue base. With the addition of Semco Stone, SiteOne Landscape is well-positioned to leverage the benefits of its extended product offerings, customer base, and experienced team. Its wholesale facilities are located in Kansas City, MO Cincinnati, OH Columbus, OH and Perryville, MO. Its product offerings include building stones, landscaping stones, outdoor living products, brentwood stones, custom-cut stones, and engraved stones. Midwest-based Semco Stone is a well-known natural stone distributor. Yesterday, SiteOne Landscape’s shares lost 0.97%, ending the trading session at $246.05. The announcement came within a fortnight of delivering better-than-expected results for the third quarter of 2021. Semco Stone buyout is the seventh acquisition made by SiteOne Landscape so far in 2021. ![]() ![]() The financial terms of the transaction have been kept under wraps by the parties involved. SITE yesterday announced that it acquired privately owned Semco Stone, LLC. ![]()
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