Beacon Roofing Supply Strengthens its Michigan Presence with the Acquisition of Acme Building Materials
02 March 2017 - 1:44AM
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 Acme Building Materials, Inc. (“Acme”), a distributor of
residential roofing and related building products with three
branches in Eastern Michigan. Acme is a third generation, family
owned business with branches in Flint, Rochester Hills and
Brighton. The addition of Acme brings the number of Beacon
locations in Michigan to ten.
Acme’s President and co-owner Lori Tesner, who will remain with
the Company, stated: “I am delighted to be joining forces with
Beacon, which continues to build a strong presence in Michigan
through its acquisition of family owned businesses, like Acme. We
selected Beacon because its size and reputation will enable Acme to
provide better service and a broader offering of products to our
customers. Beacon has also demonstrated throughout the years that
it promotes the entrepreneurial spirit of a family business while
utilizing the strengths and opportunities of a major public
company. Beacon provides unique growth opportunities for us and we
look forward to being a part of Beacon’s future growth and
success.”
Paul Isabella, Beacon’s CEO and President, emphasized the
strategic fit of the acquisition and the compatibility of the two
companies and stated: "Acme is a great addition to Beacon and
strengthens our residential and complementary business in Michigan,
which is an important market for Beacon. The Yurk and Tesner
families have built a great company with a loyal customer base and
experienced employees and we are grateful that Lori Tesner and Bob
Yurk chose to align with Beacon and continue their careers with us.
The entire Acme team will be instrumental in our continued success
in Michigan 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 375
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.
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
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version on businesswire.com: http://www.businesswire.com/news/home/20170301005974/en/
Beacon Roofing Supply, Inc.Joseph Nowicki, Executive VP &
CFO571-323-3940JNowicki@becn.com
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