PEABODY, Mass.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon") announced today
that it has acquired Enercon Products ("Enercon"), a roofing distributor
with six locations in Western Canada. Enercon, headquartered within its
branch in Edmonton, also has branches in Calgary, Regina and Saskatoon
and two branches in Vancouver and generated annual sales of
approximately $45 million in 2010.
Justin Rumpel, who will remain as Enercon's General Manager after the
acquisition, stated: "We are very pleased to be joining Beacon as it
expands its presence into Western Canada. Enercon chose to align with
Beacon not only because of its size and reputation in the industry but
also because it shares Enercon's belief that success comes from hard
work and a commitment to your customers and employees. We are confident
that Beacon will provide the resources and know-how needed to assist
with our long-term growth plans. This is a very exciting time for all of
Enercon's associates and their families."
Paul Isabella, President & CEO of Beacon, emphasized the strategic fit
of the Enercon acquisition and the compatibility of the two companies
and stated: "Enercon has a track record of strong performance and
provides us with an excellent opportunity to expand into Western Canada,
giving Beacon a presence in every major Canadian market. Equally
important is that Enercon shares Beacon's core values of integrity,
loyalty and dedication to customer service. Enercon is a great fit for
our company."
About Beacon Roofing Supply Inc.:
Beacon Roofing Supply, Inc. is a leading distributor of roofing
materials and complementary building products, operating 185 branches in
37 states and six provinces in Canada.
"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
Beacon Roofing Supply, Inc.
David Grace, CFO 978-535-7668 x14
Source: Beacon Roofing Supply, Inc.
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