PEABODY, Mass.--(BUSINESS WIRE)--Jan. 18, 2006--Beacon Roofing
Supply, Inc. (Nasdaq: BECN) announced today the acquisition of
Mississippi Roofing Supply, Inc. ("MRS") and Alabama Roofing Supply,
LLC ("ARS"), affiliated companies which distribute roofing and other
building products with headquarters in Pearl, Miss. and Montgomery,
Ala., respectively.
MRS and ARS operate a combined three facilities, one in
Mississippi and two in Alabama, that offer residential and commercial
roofing products and other complementary building products. MRS and
ARS were founded in 1986 and 1999, respectively. They employ a
combined 73 associates and together generated net sales of
approximately $76 million for the year ended December 31, 2005.
Consistent with Beacon's other acquisitions, these facilities will
continue operating under their local identities to maintain the close
relationships they have developed with their customers.
Eddie Hacskaylo, President of MRS, stated, "Our employees are
excited about joining the fast-growing Beacon family and continuing to
serve our customers with an emphasis on quality products and
services." John Virden, President of ARS, said, "We believe that our
combination with Beacon will provide us with improved growth
opportunities, including the expansion of products and services
offered."
Robert Buck, CEO of Beacon, remarked, "MRS and ARS are both
successful and fast growing companies that provide an excellent
opportunity for Beacon to further expand its distribution business
into the very active southern market. They have very high volume
branches with talented employees who have built a wonderful reputation
in the deep south."
About Beacon Roofing Supply Inc.:
Beacon Roofing Supply, Inc. is a leading distributor of roofing
materials and complementary building products operating 145 branches
in 30 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 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.
CONTACT: Beacon Roofing Supply, Inc.
Dave Grace, 978-535-7668 x14
CFO
SOURCE: Beacon Roofing Supply, Inc.