PEABODY, Mass., Apr 16, 2010 (BUSINESS WIRE) -- Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon" or "the Company")
announced today that it has acquired Louisiana Roofing Supply ("LRS"), a
distributor of mostly residential roofing systems and related
accessories with one location in Baton Rouge, Louisiana and sales of
approximately $8 million in 2009. LRS will operate as West End Roofing,
Siding and Windows, under which Beacon operates its three existing
Louisiana branches.
Fred Garcia, LRS's founder, stated "I am pleased to pass the torch to
Beacon, which will allow LRS to better serve its customers and expand
its product offering." Pyke Babin, LRS's co-owner, will remain part of
Beacon's regional management team and added "Joining Beacon will enable
us to grow our business and presents greater opportunities for our
employees. We are excited about our future at Beacon."
Paul Isabella, Beacon's President and Chief Operating Officer,
emphasized the strategic fit of the LRS acquisition and the
compatibility of the two companies, stating "Acquiring LRS will allow
Beacon to expand our presence in Louisiana and enter the Baton Rouge
market. LRS's team shares our belief that success comes from hard work
and a strong commitment to your employees and customers. We welcome them
to the Beacon family."
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a
leading distributor of roofing materials and complementary building
products operating 178 branches in 37 states in the United States and in
three provinces in Eastern Canada. Website: www.beaconroofingsupply.com.
For more information: David Grace, CFO 978-535-7668 x14, dgrace@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, Inc.
David Grace, 978-535-7668 x14
CFO
dgrace@beaconroofingsupply.com
Copyright Business Wire 2010