Beacon Adds Service in Atlantic Canada and Minneapolis Markets
April 08 2024 - 8:00AM
Business Wire
Branches in New Brunswick and Spring Lake
Park now open to support building and roofing
contractors
Beacon (Nasdaq: BECN), the only publicly traded specialty
roofing distributor, announced today that it has opened new
locations in Dieppe, New Brunswick, Canada and Spring Lake Park,
Minnesota to serve residential and commercial roofing
contractors.
The new branch in Dieppe, New Brunswick will serve the Atlantic
Canada region. “We are pleased to add service in our seventh
Canadian province. Construction is on an upswing in this market due
to population growth and our branch is well positioned to provide a
strong catalog of both residential and commercial roofing products.
Contractors will appreciate our team’s knowledge and service
commitment to help them grow their businesses,” commented Charles
Michaud, Beacon’s Regional Vice President, Canada.
The new branch in Spring Lake Park, Minnesota adds residential
and commercial roofing and complementary products and services in
the north Minneapolis metro market. “We are seeing construction
trends in this attractive area that require the building materials
and services that are our specialty. Contractors will appreciate
our commitment to customer success, including the industry-leading
Beacon PRO+ app for online ordering and delivery tracking,”
commented Brett Kinning, Beacon’s Regional Vice President, Northern
Plains.
Beacon has opened five new locations, completed two acquisitions
adding seven branches, and signed a purchase agreement for a third
acquisition to date in 2024. Footprint expansion is an important
element of our Ambition 2025 plan. We continue to deliver on our
commitments to drive above-market growth to better serve customers.
The company exceeded its Ambition 2025 revenue and shareholder
return targets two years early and is advancing on achievement of
its full plan.
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 530 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
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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