Beacon Announces Fourth Quarter Footprint Expansion
06 Janvier 2025 - 3:00PM
Business Wire
Two acquisitions and two greenfield branches
expand service area in Massachusetts, Missouri and
Tennessee
Beacon (Nasdaq: BECN) the leading publicly-traded specialty
wholesale distributor of roofing, waterproofing and related
exterior products announced today the results of its footprint
expansion initiatives during the fourth quarter of 2024.
Aligning with M&A growth goals, Beacon acquired Ryan
Building Products in Westwood, Massachusetts and Fairway Wholesale
Distribution in South Hadley, Massachusetts. Founded in 1979, Ryan
Building Products specializes in seamless metal gutter fabrication
and delivery. Fairway Wholesale Distribution has been serving
lumberyard customers for nearly five decades. Both companies bring
tenured and knowledgeable teams with a strong service record.
To better serve customers in the St. Louis and Nashville
markets. Beacon opened greenfield locations in Arnold, Missouri and
Lebanon, Tennessee. Contractors in these areas now have more
convenient Beacon branches to serve them with residential,
non-residential and complementary building products including
Beacon’s own TRI-BUILT® line.
Beacon continues to drive above market growth via footprint
expansion through acquisitions and new greenfield branches. Adding
locations and teams to deepen customer service is an important
element of our Ambition 2025 plan. Beacon exceeded its Ambition
2025 revenue and shareholder return targets in 2023 and continues
to advance on achieving its full potential.
About Beacon
Founded in 1928, Beacon is a Fortune 500, publicly traded
distributor of building products, including roofing materials and
complementary products, such as siding and waterproofing. The
company operates over 580 branches throughout all 50 states in the
U.S. and 7 provinces in Canada. Beacon serves an extensive base of
nearly 100,000 customers, utilizing its vast branch network and
diverse service offerings to provide high-quality products and
support throughout the entire business lifecycle. Beacon offers its
own private label brand, TRI-BUILT®, and has a proprietary digital
account management suite, Beacon PRO+®, which allows customers to
manage their businesses online. Beacon’s stock is traded on the
Nasdaq Global Select Market under the ticker symbol BECN. To learn
more about Beacon, please visit www.becn.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20250106454035/en/
INVESTOR CONTACT Binit Sanghvi VP,
Capital Markets and Treasurer Binit.Sanghvi@becn.com
972-369-8005
MEDIA CONTACT Jennifer Lewis VP,
Communications and Corporate Social Responsibility
Jennifer.Lewis@becn.com 571-752-1048
Beacon Roofing Supply (NASDAQ:BECN)
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