HERNDON, Va.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (NASDAQ: BECN), the largest publicly traded
distributor of residential and commercial roofing materials and
complementary building products, announced today that it has acquired
Lowry's Specialty Distribution ("Lowry's"), an industry leading
distributor of waterproofing, sealants, air barriers and related
products, with 11 branches in four states that will continue to operate
under the leadership of President Craig Dirickson as Lowry's, Systems
Waterproofing Supply ("SWS") and Can-Do Supply ("Can-Do"). A family
owned and operated business for over 40 years, Lowry's has 7 branches in
California, two in Hawaii and one in both Utah and Arizona. The
acquisition of Lowry's is Beacon's first entry into Hawaii.
Lowry's co-owners Keith and Michael Musante, both of whom will remain
with the Company, stated: "The entire Lowry's team is very excited to be
joining forces with Beacon, which has demonstrated a strong commitment
to growing its existing waterproofing business both organically and
through acquisitions of family owned businesses like Lowry's. Becoming
part of a public company with a presence across the entire United States
and Canada creates opportunities for Lowry's to grow our business beyond
what we could have done on our own and offers our employees career
advancement options that are unique to the distribution industry, all
while maintaining the entrepreneurial spirt and brand loyalty to
Lowry's, SWS and Can-Do that we have worked so hard to develop over the
last 40 years. I could not be more excited for our future as part of
Beacon."
Paul Isabella, Beacon's CEO and President, emphasized Beacon's
commitment to growing its waterproofing business and Lowry's reputation
as a market leader and stated: "Lowry's is a great addition to Beacon
and significantly strengthens our existing waterproofing and related
complementary products business in the western United States, including
our first entry into the Hawaii market. Waterproofing and related
products comprise a huge and growing market and present tremendous sales
opportunities for Beacon, both to Lowry's existing customers and through
cross-selling to our core roofing contractor base. We are grateful that
Keith and Michael Musante and Craig Dirickson chose to continue their
careers with us. Craig will have full responsibility for continuing
Lowry's excellent performance and market position as President. The
entire Lowry's, SWS and Can-Do teams will be key players in our
continued growth in this important product market and we are thrilled to
have them as part of 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 384 branches throughout 48
states in the U.S. and 6 provinces in Canada. To learn more about Beacon
and its family of regional brands, please visit www.becn.com.
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

View source version on businesswire.com: http://www.businesswire.com/news/home/20170501005793/en/
Beacon Roofing Supply, Inc.
Joseph Nowicki, Executive VP & CFO
571-323-3940
JNowicki@becn.com
Source: Beacon Roofing Supply, Inc.
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