HERNDON, Va.--(BUSINESS WIRE)--Beacon Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon") announced today that it has acquired Lyf-Tym Building Products (“Lyf-Tym”), a distributor of siding, windows, gutters, vinyl railings and related products headquartered in Charlotte, North Carolina. Lyf-Tym also fabricates gutters and ATI-certified aluminum-reinforced vinyl railings systems at its fabrication facility in Charlotte, North Carolina. Founded in 1966, Lyf-Tym has six branches, with two locations in Charlotte and branches in Hickory, Monroe, and Greensboro, North Carolina as well as Roanoke, Virginia.
Lyf-Tym co-owner Curt Corder, who will remain with the Company, stated: "joining the Beacon team presents a tremendous opportunity for our families and Lyf-Tym’s loyal customers and employees. Beacon’s strong market presence in the Carolinas and Southern Virginia will enable us to better serve our customers with broader product offerings and even more efficient deliveries. We chose to align with Beacon because Beacon shares our values and our belief that success comes from hard work and great customer service. I am very excited about our future at Beacon."
Paul Isabella, Beacon’s CEO and President, emphasized the strategic fit of the acquisition and the compatibility of the two companies and stated, "Lyf-Tym will be a great addition to Beacon’s South Division. Over the last 50 years, Lyf-Tym has built a strong reputation as a high quality supplier of siding, windows, gutters and railings that will greatly complement our existing business in the Carolinas and Southern Virginia where there is strong demand for complementary products. Lyf-Tym is a fantastic strategic acquisition for 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 365 branches throughout 45 states in the U.S. and six provinces in Canada. To learn more about Beacon 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.