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 American Building & Roofing, Inc. (“ABR”), a distributor of mainly residential roofing and related building products with seven branches around Washington State. Founded over 30 years ago, ABR has grown from its original store in Everett to seven branches by adding stores in Snohomish, Poulsbo, Pasco, Mt. Vernon, Yakima and Wenatchee.
ABR’s founder, David Morgan, stated: “Joining Beacon presents a tremendous opportunity for my family and ABR’s loyal customers and employees. Beacon’s commitment to strengthen its presence in Washington State and the entire Pacific Northwest will enable us to better serve our customers with broader product offerings and even more efficient deliveries. We chose to align with Beacon because Beacon shares our belief that success comes from hard work and great customer service and because Beacon presented the greatest long-term growth opportunities for my family and all of our employees. I am very excited for their future at Beacon.”
Paul Isabella, Beacon’s CEO and President, emphasized the strategic fit of the acquisition and the compatibility of the two companies and stated: "ABR is a tremendous addition to Beacon and significantly expands our residential roofing opportunities in Washington State, particularly in the busy Seattle market. We are grateful that David, Wendy, Marc and Karren Morgan have entrusted Beacon with the further growth and development of their great company and I am confident that ABR will play a huge role in our success in the Pacific Northwest. We are thrilled to have the entire ABR team 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 372 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.