White Cap closes agreement to acquire National Concrete Accessories Canada

White Cap Supply Canada Inc. has closed on its agreement to acquire National Concrete Accessories Canada Inc. ("NCA"), an Alberta corporation. NCA is now part of White Cap Supply Canada, which is comprised of Brafasco and Brock White Canada ("BWC"), forming a single Canadian business.

This combined business will be led by Vasken Altounian as Business Unit President and Neil Fast as Regional Vice President, and will report into Alan Sollenberger, President of White Cap.

Vasken Altounian, Business Unit President said: "We are very excited about this milestone as it allows us to accelerate what we set out to do when the Brafasco and Brock White Canada teams first combined on October 19, 2020. White Cap Supply Canada strives to become the leading construction products and services distributor in Canada that is best known for an unmatched commitment to living by our company values and to providing exceptional service for our customers."

John Stegeman, Chief Executive Officer, said: "I am excited for the new opportunities this acquisition will provide our White Cap team and we look forward to growing stronger thanks to the incredible talent joining us from NCA. The depth of products, services, and knowledge that NCA brings in concrete forming and accessories complements Brafasco's specialty in fasteners, tools, and safety products and BWC's portfolio of building envelope, concrete accessories, masonry, and geotechnical products."

This acquisition is the first for White Cap since becoming an independent company in October 2020.

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