PEABODY, Mass.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon" or the "Company"),
a leading distributor of roofing materials and complementary building
products, announced today the opening of its 200th branch in
Myrtle Beach, South Carolina.
The Myrtle Beach branch is the Company's 4th in the state of
South Carolina and the 24th branch operating under the Best Distributing
name. Best Distributing, which was founded in 1880 and acquired by
Beacon in 2000, is the leading full-service distributor of roofing,
siding, windows and other related building products in North Carolina,
South Carolina, Tennessee and Southern Virginia. Beacon's growth
strategy includes both internal growth (opening branches, growing sales
with existing customers, adding new customers and introducing new
products) and acquisition growth. The Company has opened 28 new branches
since its IPO in 2004.
Paul Isabella, the Company's President & Chief Executive Officer,
stated: "We are very excited about our 200th branch
opening and pleased to continue our expansion in South Carolina. Our
flexible growth strategy gives us the ability to expand our customer
base and open in a variety of new markets. We remain one of the fastest
growing distributors in the nation. I would like to thank our associates
and recognize their hard work which allows us to celebrate another
significant milestone for Beacon."
About Beacon Roofing Supply Inc.:
Beacon Roofing Supply, Inc. is a leading distributor of roofing
materials and complementary building products, operating 200 branches in
38 states in the United States and across Canada.
Forward-Looking Statements: This release contains information about
management's view of the Company's future expectations, plans and
prospects that constitute forward-looking statements for purposes of the
safe harbor provisions under the Private Securities Litigation Reform
Act of 1995. Actual results may differ materially from those indicated
by such forward-looking statements as a result of various important
factors, including, but not limited to, those set forth in the "Risk
Factors" section of the Company's latest Form 10-K. In addition, the
forward-looking statements included in this press release represent the
Company's views as of the date of this press release and these views
could change. However, while the Company may elect to update these
forward-looking statements at some point, the Company specifically
disclaims any obligation to do so other than as required by federal
securities laws. These forward-looking statements should not be relied
upon as representing the Company's views as of any date subsequent to
the date of this press release.
BECN-F
Beacon Roofing Supply, Inc.
David Grace, 978-535-7668 x14
dgrace@beaconroofingsupply.com
Source: Beacon Roofing Supply
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