Beacon Roofing Buys Allied Products, Expands Geographic Reach
Beacon Roofing Supply Inc. BECN has completed the previously announced acquisition of CRH plc’s CRH U.S distribution business, Allied Building Products Corp. for $2.6 billion. The buyout will not only expand product offerings, but also increase geographical reach in both existing and new markets while ensuring significant cost synergies.
Dublin, Ireland-based CRH is the largest building materials company in North America and the second largest worldwide. Its subsidiary, Allied Building Products is one of the country’s largest exterior and interior building products distributors. It distributes products which include exterior products, such as roofing, siding, windows and doors, and interior products, such as wallboard and suspended ceiling systems, across 208 locations in 31 states.
Ensures Market Leading Position
The acquisition will catapult Beacon Roofing to one of the largest public wholesale building materials distributors in the United States and Canada. It will have 589 branches in six provinces across Canada and in all 50 states, expanding foothold in other key markets including Texas, Florida, Colorado and California. Through the Allied acquisition, Beacon Roofing would mark its foray in local markets in the New York, New Jersey and Upper Midwest.
Beacon Roofing Supply, Inc. Price
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