HERNDON, Va.--(EON: Enhanced Online News)--Beacon Roofing Supply (NASDAQ: BECN), the largest publicly traded distributor of residential and commercial roofing materials and complementary building products, announced today that it has acquired BJ Supply, a distributor of roofing and related building products serving the busy Northeast Philadelphia market. Founded nearly 30 years ago, BJ Supply’s Bristol, Pa. location will complement Beacon’s strong presence in Philadelphia, its surrounding suburban counties and New Jersey.
BJ Supply’s founder Joseph Pfluger, who will remain with the Company, stated: "Teaming-up with Beacon presented the best opportunity for our company to grow our business and introduce new product lines to our customers. Beacon long has been a powerhouse in the Philadelphia suburbs, and we look forward to being able to bring Beacon’s greater product offerings to our customers and to complement Beacon’s existing area locations to more efficiently service customer needs. This is an exciting day for our company.”
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 BJ Supply has joined the Beacon family. It is a great company with a strong customer base and experienced employees. Combining BJ Supply with our existing Philadelphia area branches gives us a more powerful footprint in Northeast Philadelphia with even greater access to New Jersey customers. It is a great addition to Beacon.”
BJ Supply was represented in the transaction by Andrew Wilusz of Value Management of Jamison, Pa.
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 368 branches throughout 47 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.
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.