Branches in New Brunswick (NYSE:BC) and Spring Lake Park now open to support building and roofing contractors
HERNDON, Va.--(BUSINESS WIRE)--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 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 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.beacon-canada.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
Source: Beacon