HERNDON, Va.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon") announced today
that it has acquired ProCoat Systems, Inc. ("ProCoat"), a distributor of
residential and commercial exterior building materials including stucco,
stone, waterproofing and concrete restoration. Founded in 1984 by
brothers Jim, Marty and Randy Diner, ProCoat has branches in Denver and
Ft. Collins, Colorado.
Jim Diner, who along with Marty and Randy will continue to co-manage the
business for Beacon, stated: "My brothers and I are pleased to join
forces with Beacon which has built a tremendously successful presence in
the Denver and surrounding markets. Being part of the Beacon team will
allow ProCoat to continue our long history of excellent customer service
and to introduce our products to Beacon's existing customer base across
the entire Rocky Mountain footprint. We were presented with many
strategic opportunities, but we chose to align with Beacon not only
because of its size and reputation in the industry, but because Beacon
shares our belief that success comes from hard work and a commitment to
your employees and customers. We are very excited about our 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, "ProCoat has been the leading distributor of stucco, stone,
waterproofing and related products in the Rocky Mountain region for over
three decades. The addition of ProCoat will enable Beacon to strengthen
our complementary product offerings both to our customers in the Denver
and the surrounding markets and elsewhere in the United States and
Canada where these products are important to the commercial and
residential building materials markets. The ProCoat acquisition
exemplifies Beacon's long-standing strategy to grow and increase
profitability for our shareholders by expanding product offerings across
the entire commercial and residential building envelope. I am grateful
that Jim, Marty and Randy Diner chose to join Beacon, and I am thrilled
to welcome ProCoat to our team."
About Beacon Roofing Supply, Inc.
Founded in 1928, Beacon Roofing Supply, Inc. (NASDAQ: BECN) is the
largest publicly traded distributor of residential and commercial
roofing materials and complementary building products, operating 273
branches throughout 42 states in the U.S. and six provinces in Canada.
In fiscal 2014, Beacon had sales of $2.3 billion. The company employs
more than 3,000 associates. To learn more about Beacon and its family of
regional brands, please visit www.becn.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 on Form
10-K for the most recently ended fiscal year.
BECN-F
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Beacon Roofing Supply, Inc.
Joseph Nowicki, 571-323-3940
Executive
Vice President & Chief Financial Officer
JNowicki@becn.com
Source: Beacon Roofing Supply, Inc.
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