Beacon Roofing Supply Announces Acquisition of Eastern Pennsylvania-Based Atlantic Building Products

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Beacon Roofing Supply Announces Acquisition of Eastern Pennsylvania-Based Atlantic Building Products

April 1, 2016

HERNDON, Va.--(BUSINESS WIRE)-- Beacon Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon") announced today that it has acquired Atlantic Building Products ("Atlantic"), a distributor of decking, windows, siding and related building products serving the busy Philadelphia, Pa. suburban market. Founded in 2007 by Gary Spillane and Joseph Romano, Atlantic will provide new branches in Warminster and Quakertown, Pa., complementing Beacon's strong presence in Philadelphia and the surrounding counties.

"Teaming-up with Beacon presents the best opportunity for Atlantic to grow and introduce new product lines to our customers," stated Atlantic's Spillane, who will remain with the Company. "Beacon's Quality Roofing Supply long has been a powerhouse in the Philadelphia metro area and we look forward to bringing Beacon's broader product offerings to our customer base. Also, we will introduce a new product mix to Beacon and Quality. For our employees and loyal customers, we chose Beacon because their values, culture and personal touch closely align with Atlantic's. Beacon provides a clear, strong path for future growth," said Spillane. "This is an exciting day for Atlantic."

Paul Isabella, Beacon's CEO and President, emphasized the strategic fit of the acquisition and the compatibility of the two companies and stated, "We are very excited that Atlantic has joined the Beacon family. Atlantic is a great company with a strong customer base and experienced employees. Combining Atlantic with our existing Philadelphia area branches gives us a more powerful footprint in the busy suburban Philadelphia market, where there is strong demand for complementary products. Atlantic is a great addition for Beacon."

About Beacon Roofing Supply

Founded in 1928, Beacon Roofing Supply, Inc. is the largest publicly traded distributor of residential and commercial roofing materials and complementary building products, operating 359 branches throughout 45 states in the U.S. and six provinces in Canada. 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.

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