HERNDON, Va.--(BUSINESS WIRE)--Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon") announced today that it has opened a new branch in Oxnard, California. This new branch raises the total of Beacon’s new branch openings since January 1, 2015 to five (Birmingham, Ala., Charlotte, N.C., Arvada, Colo., Ocala, Fla., and Oxnard, Calif.). Beacon has opened 31 new branches in 19 states and one Canadian province in the last 18 months and now operates 271 branches throughout the United States and Canada. Beacon has added 205 branches through greenfield openings and acquisitions since its IPO in 2004.
Paul Isabella, Beacon’s CEO and President, emphasized the importance of greenfield openings to Beacon’s overall growth strategy and stated, ”we are very pleased to open our new Oxnard, California branch and expand our footprint in California, which is a key growth state for Beacon. The new Oxnard branch will enable us to reach new customers north of Los Angeles and expand our business with existing customers in the metropolitan area. With our second opening in approximately 30 days and 5th this calendar year, Beacon has shown the ability to grow both through acquisitions and greenfields, and I look for this strategic growth trend to continue throughout this fiscal year and beyond.”
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is the largest publicly traded distributor of residential and non-residential roofing materials and complementary building products, with 271 branches in 42 states in the United States and six provinces in Canada and over $2.3 billion in revenue in its 2014 Fiscal Year. 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.
News Provided by Acquire Media