Beacon Announces Acquisition of S&H Building Material Corporation
September 05 2023 - 9:30AM
Business Wire
Long Island, NY contractors to benefit from
additional location, products and services
Beacon (Nasdaq: BECN) announced today that it has completed the
acquisition of S&H Building Material Corporation (“S&H”) of
Medford, NY.
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the full release here:
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S&H has built a five-decade legacy serving Long Island
builders, contractors, and homeowners. “We are thrilled to announce
S&H is joining Beacon. We believe this next phase of our
history will enable us to continue serving our loyal customers well
into the future,” commented Brian Rosenstein, President,
S&H.
“We are pleased to welcome S&H’s employees and customers to
the Beacon team,” said David Doran, Beacon’s Regional Vice
President, North Atlantic. “Expanding our depth of service in the
Long Island market will bring S&H customers the opportunity to
benefit from our digital solutions, TRI-BUILT product line and the
Beacon OTC® network.”
Year to date in 2023, Beacon has expanded its branch footprint
through the completion of seven acquisitions and the opening of 14
new greenfield locations. Serving customers in these many new
locations is delivering our Ambition 2025 goal to drive above
market growth.
About Beacon
Founded in 1928, Beacon is a Fortune 500, publicly traded
distributor of building products, including roofing materials and
complementary products, such as siding and waterproofing. The
company operates over 500 branches throughout all 50 states in the
U.S. and 6 provinces in Canada. Beacon serves an extensive base of
nearly 100,000 customers, utilizing its vast branch network and
diverse service offerings to provide high-quality products and
support throughout the entire business lifecycle. Beacon offers its
own private label brand, TRI-BUILT®, and has a proprietary digital
account management suite, Beacon PRO+, which allows customers to
manage their businesses online. Beacon’s stock is traded on the
Nasdaq Global Select Market under the ticker symbol BECN. To learn
more about Beacon, please visit www.becn.com.
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INVESTOR CONTACT Binit Sanghvi VP,
Capital Markets and Treasurer Binit.Sanghvi@becn.com
972-369-8005
MEDIA CONTACT Jennifer Lewis VP,
Communications and Corporate Social Responsibility
Jennifer.Lewis@becn.com 571-752-1048
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