Beacon Roofing Supply (BECN) Acquires Lowry’s Specialty Distribution – StreetInsider.com

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Beacon Roofing Supply, Inc. (NASDAQ: BECN), the largest publicly traded distributor of residential and commercial roofing materials and complementary building products, announced today that it has acquired Lowrys Specialty Distribution (Lowrys), an industry leading distributor of waterproofing, sealants, air barriers and related products, with 11 branches in four states that will continue to operate under the leadership of President Craig Dirickson as Lowrys, Systems Waterproofing Supply (SWS) and Can-Do Supply (Can-Do). A family owned and operated business for over 40 years, Lowrys has 7 branches in California, two in Hawaii and one in both Utah and Arizona. The acquisition of Lowrys is Beacons first entry into Hawaii.

Lowrys co-owners Keith and Michael Musante, both of whom will remain with the Company, stated: The entire Lowrys team is very excited to be joining forces with Beacon, which has demonstrated a strong commitment to growing its existing waterproofing business both organically and through acquisitions of family owned businesses like Lowrys. Becoming part of a public company with a presence across the entire United States and Canada creates opportunities for Lowrys to grow our business beyond what we could have done on our own and offers our employees career advancement options that are unique to the distribution industry, all while maintaining the entrepreneurial spirt and brand loyalty to Lowrys, SWS and Can-Do that we have worked so hard to develop over the last 40 years. I could not be more excited for our future as part of Beacon.

Paul Isabella, Beacons CEO and President, emphasized Beacons commitment to growing its waterproofing business and Lowrys reputation as a market leader and stated: Lowrys is a great addition to Beacon and significantly strengthens our existing waterproofing and related complementary products business in the western United States, including our first entry into the Hawaii market. Waterproofing and related products comprise a huge and growing market and present tremendous sales opportunities for Beacon, both to Lowrys existing customers and through cross-selling to our core roofing contractor base. We are grateful that Keith and Michael Musante and Craig Dirickson chose to continue their careers with us. Craig will have full responsibility for continuing Lowrys excellent performance and market position as President. The entire Lowrys, SWS and Can-Do teams will be key players in our continued growth in this important product market and we are thrilled to have them as part of Beacon.

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Beacon Roofing Supply (BECN) Acquires Lowry's Specialty Distribution - StreetInsider.com