Beacon Announces Acquisition of SSR Roof Supply
August 02 2024 - 4:00PM
Business Wire
Expands service for roofing contractors in
Vancouver
Beacon (Nasdaq: BECN), the leading publicly-traded wholesale
distributor specializing in roofing, waterproofing and related
exterior products, announced today that it has completed the
acquisition of SSR Roof Supply Ltd. (“SSR”). SSR operates two
branches in the Vancouver, British Columbia market, with one branch
in Burnaby and the other in Surrey.
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SSR Roof Supply Ltd. (Photo: Business
Wire)
SSR has been serving residential and commercial contractors for
over 30 years. “We are proud of our history as a family-owned
company dedicated to serving our customers’ needs with quality
products and face to face service. Joining forces with Beacon will
bring our customers a more robust catalog of products as well as
services that help contractors run their business more
efficiently,” commented Raj, Sunil and Surinder Bath, of SSR.
“The Bath family has built an impressive business supporting the
fast-growing Vancouver market. We are thrilled to welcome the SSR
employees to Beacon and further expand our Canada-wide customer
service. We now have a total of three branches in British Columbia
and can reach almost 80% of the province’s population to supply
materials for new construction, repairs and remodeling,” added
Charles Michaud, Beacon’s Regional Vice President, Canada.
Beacon continues to drive above market growth via footprint
expansion with 8 acquisitions to date in 2024. Beacon exceeded its
Ambition 2025 revenue and shareholder return targets in 2023 and
continues to advance on achieving its full Ambition 2025 plan.
About Beacon
Founded in 1928, Beacon is a publicly-traded Fortune 500 company
that distributes specialty building products, including roofing
materials and complementary products, such as siding and
waterproofing. The company operates over 570 branches throughout
all 50 states in the U.S. and 7 provinces in Canada. Beacon serves
an extensive base of nearly 100,000 customers, utilizing its vast
branch network and service capabilities to provide high-quality
products and support throughout the entire project 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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