PEABODY, Mass., Dec 15, 2009 (BUSINESS WIRE) -- Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon") announced today
that it has acquired Lookout Supply Company ("Lookout"), a distributor
of roofing systems and related accessories with one branch in
Chattanooga, Tennessee.
Steve Persinger, President of Lookout who will continue with Lookout as
part of Beacon's regional leadership team, stated, "We are very pleased
to be joining Beacon not only because of its size and reputation in the
industry but because Beacon shares Lookout's belief that success comes
from hard work and a commitment to your employees and customers. This is
a very exciting time for us."
Pat Murphy, Sr. Vice President of Beacon's Southeast Region, which
includes Beacon's Tennessee locations, emphasized the strategic fit of
the Lookout acquisition and the compatibility of the two companies and
stated, "Lookout provides Beacon with an excellent opportunity to
enhance our current presence in Tennessee and to enter the Chattanooga
market. Equally important is that Lookout shares Beacon's core values of
integrity, loyalty and a commitment to its employees and customers."
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a
leading distributor of roofing materials and complementary building
products operating 173 branches in 37 states in the United States and in
three provinces in Eastern Canada. Website: www.beaconroofingsupply.com.
"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.
BECN-F
SOURCE: Beacon Roofing Supply, Inc.
Beacon Roofing Supply
David Grace, 978-535-7668 x14
CFO
dgrace@beaconroofingsupply.com
Copyright Business Wire 2009