HERNDON, Va.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (NASDAQ: BECN), the largest publicly traded
distributor of residential and commercial roofing materials and
complementary building products, announced today that it has acquired
Acme Building Materials, Inc. ("Acme"), a distributor of residential
roofing and related building products with three branches in Eastern
Michigan. Acme is a third generation, family owned business with
branches in Flint, Rochester Hills and Brighton. The addition of Acme
brings the number of Beacon locations in Michigan to ten.
Acme's President and co-owner Lori Tesner, who will remain with the
Company, stated: "I am delighted to be joining forces with Beacon, which
continues to build a strong presence in Michigan through its acquisition
of family owned businesses, like Acme. We selected Beacon because its
size and reputation will enable Acme to provide better service and a
broader offering of products to our customers. Beacon has also
demonstrated throughout the years that it promotes the entrepreneurial
spirit of a family business while utilizing the strengths and
opportunities of a major public company. Beacon provides unique growth
opportunities for us and we look forward to being a part of Beacon's
future growth and success."
Paul Isabella, Beacon's CEO and President, emphasized the strategic fit
of the acquisition and the compatibility of the two companies and
stated: "Acme is a great addition to Beacon and strengthens our
residential and complementary business in Michigan, which is an
important market for Beacon. The Yurk and Tesner families have built a
great company with a loyal customer base and experienced employees and
we are grateful that Lori Tesner and Bob Yurk chose to align with Beacon
and continue their careers with us. The entire Acme team will be
instrumental in our continued success in Michigan and we are thrilled to
have them 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 375 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/20170301005974/en/
Beacon Roofing Supply, Inc.
Joseph Nowicki, Executive VP & CFO
Source: Beacon Roofing Supply, Inc.
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