PEABODY, Mass., Jul 16, 2010 (BUSINESS WIRE) -- Beacon Roofing Supply, Inc. (Nasdaq: BECN) announced today that it has
acquired Posi-Slope Enterprises, Inc. and its sister company
Posi-Pentes, which specialize in the design and fabrication of tapered
roof insulation systems. Posi-Slope has two locations, in the Provinces
of Ontario and Quebec, and services customers throughout Canada.
Louis Zammit, who will remain President of Posi-Slope, stated "I am
pleased for Posi-Slope and our employees to continue as part of the
Beacon family. This will allow us to better serve our existing tapered
insulation customers across Canada and expand our reach to Beacon's
customers. We are excited about Posi-Slope's future at Beacon."
Paul Isabella, Beacon's President and Chief Operating Officer and Marc
Allaire, President of Beacon Canada have emphasized how the Posi-Slope
acquisition complements Beacon's existing tapered insulation business in
Eastern Canada and stated, "We welcome Posi-Slope's tapered insulation
team to the Beacon family. Acquiring Posi-Slope will establish Beacon as
a tapered design leader throughout Canada, and allow us to expand our
presence in the Province of Ontario and to better serve our existing
commercial roofing customers."
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a
leading distributor of roofing materials and complementary building
products operating 180 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, Inc.
David Grace, CFO, 978-535-7668 x14
dgrace@beaconroofingsupply.com
Copyright Business Wire 2010