PEABODY, Mass.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon") announced today
that it has acquired Structural Materials, Co. ("Structural"), a
distributor of residential and commercial roofing products and related
accessories headquartered in Santa Ana, CA. Founded in 1948, Structural
has six locations in Los Angeles and Orange Counties and in the
surrounding areas, with total annual sales of approximately $81 million
in 2011.
Paul Byrne, Structural's retiring founder, stated "I am thrilled that
Structural is becoming part of the Beacon family. I have known Beacon
and its leadership team for many years and they share Structural's
belief that success comes from hard work and a full commitment to your
customers and employees. Aligning with Beacon presented the best
opportunity for Structural to continue its excellent history of customer
service, expand its product offering and allow for continued profitable
growth. Beacon also presents a great opportunity for our dedicated
employees and their families to share in Beacon's success as a large and
fast-growing public company. I am very excited about Structural's future
with Beacon."
Paul Isabella, Beacon's CEO and President, emphasized the strategic fit
of the acquisition and the compatibility of the two companies and
stated, "We long have believed that Structural would be an excellent
complement to our existing Southern California branches, which are
operating under the Pacific Supply name, and will make Beacon the
leading roofing supply distributor in the important Southern California
market. We want to thank Paul Byrne and his family for this opportunity
to have Structural, with its experienced team, join forces with Beacon.
We look forward to continuing and expanding their reputation for
superlative customer service, which has been built through decades of
hard work."
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a
leading distributor of roofing materials and complementary building
products operating 206 branches in 38 states in the United States and
across 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
Beacon Roofing Supply, Inc.
David Grace, 978-535-7668 x14
CFO
dgrace@beaconroofingsupply.com
Source: Beacon Roofing Supply, Inc.
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