Beacon Announces Acquisition of Chicago Metal Supply & Fabrication
September 10 2024 - 9:35AM
Business Wire
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 Chicago Metal Supply & Fabrication, Inc.
(“Chicago Metal Supply”) located in Chicago’s Hanson Park
neighborhood.
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the full release here:
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Chicago Metal Supply (Photo: Business
Wire)
Founded in 2011, Chicago Metal Supply is a family-owned
business, specializing in custom architectural sheet metal
fabrication. With expertise spanning commercial, residential and
historical restoration, the skilled team includes artists, design
experts, and technicians who utilize cutting-edge machinery to
deliver visually stunning and accurate metalwork. “We are pleased
to be joining forces with the Beacon team in Chicago to support our
dedicated employees and long-standing customers. Expanding our
catalog and bringing digital platform options will enhance our
ability to deliver top quality service to customers who have
trusted us for over a decade,” commented Alina Bosak, President of
Chicago Metal Supply.
“The Bosak family has built a well-respected architectural sheet
metal fabrication business that thrives because of their
professionalism, attention to detail and imagination. They
genuinely care for their customer’s projects and have great pride
in the results. This acquisition is yet another example of our
growing metal solutions capabilities. We heartily welcome the
Chicago Metal Supply team and look forward to bolstering our
commercial and residential metal offerings throughout the region
with our joint skills and talent,” commented Larry Augello,
Beacon’s Regional Vice President, North Central.
Beacon continues to drive above market growth via footprint
expansion through acquisitions. 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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version on businesswire.com: https://www.businesswire.com/news/home/20240909821984/en/
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
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