HERNDON, Va.--(BUSINESS WIRE)--
Beacon Roofing Supply (NASDAQ: BECN), the largest publicly traded
distributor of residential and commercial roofing materials and
complementary building products, announced today that it has acquired
American Building & Roofing, Inc. ("ABR"), a distributor of mainly
residential roofing and related building products with seven branches
around Washington State. Founded over 30 years ago, ABR has grown from
its original store in Everett to seven branches by adding stores in
Snohomish, Poulsbo, Pasco, Mt. Vernon, Yakima and Wenatchee.
ABR's founder, David Morgan, stated: "Joining Beacon presents a
tremendous opportunity for my family and ABR's loyal customers and
employees. Beacon's commitment to strengthen its presence in Washington
State and the entire Pacific Northwest will enable us to better serve
our customers with broader product offerings and even more efficient
deliveries. We chose to align with Beacon because Beacon shares our
belief that success comes from hard work and great customer service and
because Beacon presented the greatest long-term growth opportunities for
my family and all of our employees. I am very excited for their future
Paul Isabella, Beacon's CEO and President, emphasized the strategic fit
of the acquisition and the compatibility of the two companies and
stated: "ABR is a tremendous addition to Beacon and significantly
expands our residential roofing opportunities in Washington State,
particularly in the busy Seattle market. We are grateful that David,
Wendy, Marc and Karren Morgan have entrusted Beacon with the further
growth and development of their great company and I am confident that
ABR will play a huge role in our success in the Pacific Northwest. We
are thrilled to have the entire ABR team as part of Beacon."
About Beacon Roofing Supply
Founded in 1928, Beacon Roofing Supply, Inc. is the largest publicly
traded distributor of residential and commercial roofing materials and
complementary building products, operating 372 branches throughout 47
states in the U.S. and 6 provinces in Canada. To learn more about Beacon
and its family of regional brands, please visit www.becn.com.
This release contains information about management's view of the
Company's future expectations, plans and prospects that constitute
forward-looking statements for purposes of the safe harbor provisions
under the Private Securities Litigation Reform Act of 1995. Actual
results may differ materially from those indicated by such
forward-looking statements as a result of various important factors,
including, but not limited to, those set forth in the "Risk Factors"
section of the Company's latest Form 10-K. In addition, the
forward-looking statements included in this press release represent the
Company's views as of the date of this press release and these views
could change. However, while the Company may elect to update these
forward-looking statements at some point, the Company specifically
disclaims any obligation to do so, other than as required by federal
securities laws. These forward-looking statements should not be relied
upon as representing the Company's views as of any date subsequent to
the date of this press release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170103006052/en/
Beacon Roofing Supply, Inc.
Joseph Nowicki, Executive VP & CFO
Source: Beacon Roofing Supply, Inc.
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