Beacon Announces Acquisition of Passaic Metal and Building Supplies
02 Agosto 2024 - 3:15PM
Business Wire
Expands service for contractors in New
Jersey and New York
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 Passaic Metal and Building Supplies Co. and certain
affiliated companies (“PAMPCO”) headquartered in Clifton, New
Jersey. PAMPCO has five branches in New Jersey and one in upstate
New York.
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PAMPCO (Photo: Business Wire)
PAMPCO’s roots in metal, roofing and siding date back to 1911.
“Four generations of the Gurtman family have dedicated themselves
to serving residential and commercial contractors. While we have
remained independent for over 100 years, we believe that joining
forces with the Beacon team will best serve our dedicated employees
and long-standing customers. Our customers trust us to deliver top
quality service, and partnering with Beacon will further enhance
the customer experience,” commented Frank Gurtman, CEO of
PAMPCO.
“The Gurtman family has built a business that thrives because
their people are among the most professional and service-oriented
in the industry providing technical support and genuine care for
their customer’s businesses. This acquisition is yet another
example of our growing metal solutions capabilities including
craftspeople who are specially trained in fabrication. We heartily
welcome the PAMPCO team and look forward to bolstering our
expertise and service with their skills and talent,” commented Dave
Doran, Beacon’s Regional Vice President, North Atlantic.
Beacon continues to drive above market growth via footprint
expansion with 9 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
Beacon Roofing Supply (NASDAQ:BECN)
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Beacon Roofing Supply (NASDAQ:BECN)
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