Beacon Expands Service With New Locations in Georgia and Texas

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Tags

07/19/2024 - 09:00 AM

HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, announced today that it has opened new locations in Athens, Georgia and in Midlothian, Texas.

The new branch in Athens, Georgia serves the area’s residential and commercial markets including the University of Georgia. “Our complete product catalog, including the TRI-BUILT® line, is now available for customers in Athens. We are also pleased to give roofing contractors in the area access to our Beacon PRO+® app to run their businesses more efficiently,” explained Lynn France, Regional Vice President, Southeast.

The new branch in Midlothian, Texas serves the area’s residential and commercial markets. “We now have ten locations in the Dallas-Fort Worth metroplex making it easier for contractors who want a convenient branch to pick up materials. For contractors who require job-site delivery, the Beacon OTC® network links our inventory and fleet allowing us to deliver on time, conserve fuel and reduce emissions,” commented Peter Lippert, Regional Vice President, Texas

Beacon has opened 12 new locations and completed seven acquisitions that added 28 branches year-to-date in 2024. Expanding our customer service with additional locations 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 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 560 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.