PEABODY, Mass., June 8, 2007 (BUSINESS WIRE) -- Beacon Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon") announced today the acquisition of Wholesale Roofing Supply ("WRS"), a distributor of residential and commercial roofing products located in Knoxville, Tennessee.
Wholesale Roofing Supply is a leading supplier in the Knoxville construction market and presents Beacon with the opportunity to enter the Eastern Tennessee market and grow business in 3 areas: residential roofing, commercial roofing and complementary products.
Started in 1985 by Bob and Sybil Sims, WRS has a track record of strong performance and prides itself on its core values of integrity, loyalty and a commitment to its employees and customers.
It will continue to operate under the Wholesale Roofing Supply name within Beacon's Southeast region, operated by Best Distributing Company, which will further leverage the operating efficiencies of Beacon's locations in the Southeastern United States.
Robert Buck, Chairman, President & CEO of Beacon, stated, "We are pleased to announce the acquisition of Wholesale Roofing Supply and we look forward to expanding our company into the Eastern Tennessee market. Wholesale Roofing Supply is a welcomed addition to the Beacon family."
For more information on Wholesale Roofing Supply, you may visit: http://www.wholesaleroofing.com or visit the Best Distributing Company website at http://www.bestdistributing.com. For more information on Beacon, you may visit http://www.beaconroofingsupply.com.
Terms of the transactions were not disclosed.
About Beacon Roofing Supply Inc.:
Beacon Roofing Supply, Inc. is a leading distributor of roofing materials and complementary building products operating 176 branches in 34 states and in Eastern Canada.
For more information: David Grace, CFO 978-535-7668 x14
"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.
CONTACT:
For Beacon Roofing Supply, Inc.
David Grace, 978-535-7668 x14
CFO