HERNDON, Va.--(BUSINESS WIRE)--Beacon Roofing Supply, Inc. (NASDAQ: BECN), the largest publicly traded distributor of residential and commercial roofing materials and complementary building products, announced today that it has acquired Acme Building Materials, Inc. (“Acme”), a distributor of residential roofing and related building products with three branches in Eastern Michigan. Acme is a third generation, family owned business with branches in Flint, Rochester Hills and Brighton. The addition of Acme brings the number of Beacon locations in Michigan to ten.
Acme’s President and co-owner Lori Tesner, who will remain with the Company, stated: “I am delighted to be joining forces with Beacon, which continues to build a strong presence in Michigan through its acquisition of family owned businesses, like Acme. We selected Beacon because its size and reputation will enable Acme to provide better service and a broader offering of products to our customers. Beacon has also demonstrated throughout the years that it promotes the entrepreneurial spirit of a family business while utilizing the strengths and opportunities of a major public company. Beacon provides unique growth opportunities for us and we look forward to being a part of Beacon’s future growth and success.”
Paul Isabella, Beacon’s CEO and President, emphasized the strategic fit of the acquisition and the compatibility of the two companies and stated: "Acme is a great addition to Beacon and strengthens our residential and complementary business in Michigan, which is an important market for Beacon. The Yurk and Tesner families have built a great company with a loyal customer base and experienced employees and we are grateful that Lori Tesner and Bob Yurk chose to align with Beacon and continue their careers with us. The entire Acme team will be instrumental in our continued success in Michigan and we are thrilled to have them as part of 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 375 branches throughout 47 states in the U.S. and 6 provinces in Canada. To learn more about Beacon and its family of regional brands, please visit www.becn.com.
This release contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those set forth in the "Risk Factors" section of the Company's latest Form 10-K. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.