HERNDON, Va.--(BUSINESS WIRE)--Beacon Roofing Supply, Inc. (“Beacon”) announced today that it has opened a new branch in Ocala, Florida. This new branch raises the total of Beacon’s new branch openings since January 1, 2015 to four (Birmingham, Alabama; Charlotte, North Carolina; Arvada, Colorado; and Ocala, Florida). Beacon has opened 30 new branches in 19 states and one Canadian province in the last 18 months and now operates 270 branches throughout the U.S. and Canada. Beacon has added 204 branches through greenfield openings and acquisitions since its IPO in 2004.
Paul Isabella, Beacon’s President and CEO, emphasized the importance of greenfield openings to Beacon’s overall growth strategy and stated, “We are very pleased to open our new Ocala, Florida branch and expand our footprint in Florida, which is a key growth state for Beacon. The new Ocala branch will enable us to reach new customers and expand our business with existing customers. Greenfield openings play a critical role, along with acquisitions, in increasing profitability and value for our shareholders, and I look forward to announcing additional strategically placed and opportunistic greenfield openings this fiscal year and beyond.”
About Beacon Roofing Supply
Founded in 1928, Beacon Roofing Supply, Inc. (NASDAQ: BECN) is a leading distributor of residential and commercial roofing materials and complementary building products, operating 270 branches throughout 42 states in the U.S. and six provinces in Canada. In fiscal 2014, Beacon had sales of $2.3 billion. The Company employs more than 3,000 associates. To learn more about Beacon Roofing Supply and its family of regional brands, please visit www.becn.com.
“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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