PEABODY, Mass., Aug 30, 2006 (BUSINESS WIRE) -- Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon")
announced today the acquisition of Roofing & Sheet Metal Supply, Inc.
("RSM Supply"), a Tulsa, Oklahoma-based distributor of residential and
commercial roofing products with locations in Tulsa, Oklahoma, Joplin,
Missouri and in Springdale and Fort Smith, Arkansas.
RSM Supply is a successful and well-established distributor of
roofing products and presents Beacon with the opportunity to enter the
growing Northwest Arkansas market and add to its existing locations in
Oklahoma, Missouri, and Arkansas. Founded in 1958, RSM Supply employs
70 associates and generated net sales of approximately $33 million for
its fiscal year ended November 30, 2005. It will continue to operate
under the RSM Supply name within Beacon's Southwest region, operated
by Shelter Distribution , which will further leverage the operating
efficiencies of Beacon's locations in the Southwestern United States.
Jim Turner, owner of RSM Supply, stated, "Our company has a rich
heritage and we are proud to be joining a company with a culture,
principles and values similar to ours. We believe that joining Beacon
will provide the resources and economies of scale needed to accelerate
our growth. The management team and all of our associates are excited
about becoming part of such a dynamic and first-class organization."
Robert Buck, President & CEO of Beacon, emphasized the strategic
fit of the RSM Supply acquisition and stated, "RSM Supply provides
Beacon with an excellent opportunity to enhance our geographic
presence in the Southwest as well as to expand into the high-growth
Northwest, Arkansas market. RSM Supply has a proven track record of
consistent growth and profitability, with talented employees that have
a commitment to customer satisfaction consistent with Beacon's
philosophy. They are a welcome addition to our company."
About Beacon Roofing Supply Inc.:
Beacon Roofing Supply, Inc. is a leading distributor of roofing
materials and complementary building products operating 155 branches
in 31 states in the Northeast, Mid-Atlantic, Midwest, Central Plains,
Southeast, Southwest and Western regions of the United States and in
Eastern Canada.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding Beacon
Roofing Supply Inc.'s business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties. For
a discussion of such risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see "Risk Factors" in the Company's Annual Report or Form
10-K for the most recently ended fiscal year.
SOURCE: Beacon Roofing Supply, Inc.
Beacon Roofing Supply, Inc.
David Grace, CFO
978-535-7668 x14