PEABODY, Mass.--(BUSINESS WIRE)--Dec. 16, 2004--Beacon Roofing
Supply, Inc. (Nasdaq: BECN) announced today the acquisition of JGA
Corporation, a leading distributor of roofing and other building
products headquartered in Atlanta, Georgia.
JGA operates eight facilities in Georgia and Florida offering a
comprehensive line of residential and commercial roofing products and
other complementary building products. It is a highly successful and
fast growing company and represents an excellent opportunity for
Beacon to expand its distribution business into the very attractive
Georgia and Florida markets. These markets are projected to be some of
the fastest growing markets in the United States over the next 2-3
years.
Most importantly, JGA has a knowledgeable and motivated management
team that has produced outstanding results during its long history.
JGA and Beacon share similar values and corporate culture focused on
developing employees and providing the best products and services to
customers. Consistent with Beacon's other successful acquisitions, the
JGA facilities will continue operating under their local identity to
continue the close relationships they have developed with their
customers. JGA was founded in 1977 and generated net sales of
approximately $74 million for the year ended December 31, 2003.
John Blackburn, CEO of JGA, stated, "Our management team is
excited about the growth opportunities that are available as we
combine our talents and resources with Beacon."
Robert Buck, CEO of Beacon, emphasized the overall strategic
importance of JGA and stated, "JGA is a respected leader in our
industry and operates in some of the most attractive markets in the
U.S. They have wonderful employees and we are thrilled to be joining
forces."
About Beacon Roofing Supply Inc.
Beacon Roofing Supply, Inc. is a leading distributor of roofing
materials and complementary building products in key metropolitan
markets in the Northeast, Mid-Atlantic, Southeast and Southwest
regions of the United States and in Eastern Canada.
Forward-Looking Statements:
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 S-1 Registration Statement. 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.
CONTACT: Beacon Roofing Supply, Inc.
Dave Grace, 978-535-7668
CFO
SOURCE: Beacon Roofing Supply, Inc.