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 BJ
Supply, a distributor of roofing and related building products serving
the busy Northeast Philadelphia market. Founded nearly 30 years ago, BJ
Supply's Bristol, Pa. location will complement Beacon's strong presence
in Philadelphia, its surrounding suburban counties and New Jersey.
BJ Supply's founder Joseph Pfluger, who will remain with the Company,
stated: "Teaming-up with Beacon presented the best opportunity for our
company to grow our business and introduce new product lines to our
customers. Beacon long has been a powerhouse in the Philadelphia
suburbs, and we look forward to being able to bring Beacon's greater
product offerings to our customers and to complement Beacon's existing
area locations to more efficiently service customer needs. This is an
exciting day for our company."
Paul Isabella, Beacon's CEO and President, emphasized the strategic fit
of the acquisition and the compatibility of the two companies and
stated: "We are very excited that BJ Supply has joined the Beacon
family. It is a great company with a strong customer base and
experienced employees. Combining BJ Supply with our existing
Philadelphia area branches gives us a more powerful footprint in
Northeast Philadelphia with even greater access to New Jersey customers.
It is a great addition to Beacon."
BJ Supply was represented in the transaction by Andrew Wilusz of Value
Management of Jamison, Pa.
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 368 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/20161216005335/en/
Beacon Roofing Supply, Inc.
Joseph Nowicki, Executive VP & CFO
Source: Beacon Roofing Supply, Inc.
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