Beacon Roofing Supply Announces Acquisition of All Weather Products Ltd. of Vancouver, Canada
HERNDON, Va.--(BUSINESS WIRE)--Beacon Roofing Supply, Inc. (Nasdaq: BECN) announced today that it has acquired All Weather Products Ltd. (“AWP”), a distributor of primarily residential roofing systems and related accessories with three branches in the Vancouver, Canada suburbs of Surrey, Kelowna and Burnaby.
“AWP provides Beacon with an excellent opportunity to enhance our current presence in the vibrant Vancouver market. Equally important is that AWP shares Beacon’s core values of integrity, loyalty and a commitment to its employees and customers.”
Ken Lillejord, President and Founder of AWP, who will continue with the Company stated, "We are very pleased to be joining Beacon not only because of its size and reputation in the industry but because Beacon shares AWP‘s belief that success comes from hard work and a commitment to your employees and customers. This is a very exciting time for us."
Paul Isabella, Beacon’s President and Chief Executive Officer, emphasized the strategic fit of the AWP acquisition and the compatibility of the two companies and stated, "AWP provides Beacon with an excellent opportunity to enhance our current presence in the vibrant Vancouver market. Equally important is that AWP shares Beacon’s core values of integrity, loyalty and a commitment to its employees and customers."
About Beacon Roofing Supply
Beacon Roofing Supply, Inc. is a leading distributor of residential and commercial roofing materials and complementary building products, with 254 branches in 40 states in the United States and six provinces in Canada as of June 30, 2014.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Beacon Roofing Supply Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year.
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