Apr 17 2010
Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon" or “the Company”) announced today that it has acquired Louisiana Roofing Supply (“LRS”), a distributor of mostly residential roofing systems and related accessories with one location in Baton Rouge, Louisiana and sales of approximately $8 million in 2009. LRS will operate as West End Roofing, Siding and Windows, under which Beacon operates its three existing Louisiana branches.
“I am pleased to pass the torch to Beacon, which will allow LRS to better serve its customers and expand its product offering.” Fred Garcia, LRS’s founder, stated "I am pleased to pass the torch to Beacon, which will allow LRS to better serve its customers and expand its product offering.” Pyke Babin, LRS’s co-owner, will remain part of Beacon’s regional management team and added “Joining Beacon will enable us to grow our business and presents greater opportunities for our employees. We are excited about our future at Beacon."
Paul Isabella, Beacon’s President and Chief Operating Officer, emphasized the strategic fit of the LRS acquisition and the compatibility of the two companies, stating "Acquiring LRS will allow Beacon to expand our presence in Louisiana and enter the Baton Rouge market. LRS’s team shares our belief that success comes from hard work and a strong commitment to your employees and customers. We welcome them to the Beacon family."
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a leading distributor of roofing materials and complementary building products operating 178 branches in 37 states in the United States and in three provinces in Eastern Canada.
Source: http://www.beaconroofingsupply.com/