Beacon Adds Locations to Support More Texas Contractors

Rhea-AI Summary

Beacon (Nasdaq: BECN) has opened two new branches in Texas - one in Baytown and another in Fort Worth. These locations enhance service in the Houston market and extend coverage in Harris and Chambers counties. Both branches are well-stocked with leading roofing products, including Beacon’s TRI-BUILT® line. This expansion is part of Beacon’s ongoing growth strategy, having added five locations in January 2023 alone. With a total of 34 branches in Texas, Beacon aims to enhance customer experiences through its digital platform, Beacon PRO+.

Positive

• Opened two new branches in Baytown and Fort Worth, expanding market reach in Houston.
• Total of five new locations added in January 2023, indicating robust growth.
• Supports customer contractors with a diverse range of roofing products.

Negative

• None.

New branches open in Fort Worth and Houston markets

HERNDON, Va.--(BUSINESS WIRE)--

Beacon (Nasdaq: BECN) announced today that it has opened greenfield locations in Baytown and suburban Forth Worth, Texas.

The Baytown branch extends service in the greater Houston market, reaching across Harris and Chambers counties and the Galveston Bay region. The branch on Fort Worth’s western side is at the busy crossroads of Highways 820 and 30. “These new branch locations were chosen specifically to support our customer contractors who work near the major Fort Worth and Houston markets. Both new branches are stocked with leading brands of residential and commercial roofing and complementary products, including Beacon’s own TRI-BUILT® products,” commented Peter Lippert, Beacon’s Regional Vice President, Texas. “We are pleased to expand Beacon’s service in Texas, where we now have 34 branches across the state and offer online business tools like our leading digital platform, Beacon PRO+.”

In the first month of 2023 Beacon has already added five new locations via greenfields and acquisitions, demonstrating continued momentum along our growth trajectory as we execute on the customer experience goals laid out in our Ambition 2025 strategy.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 480 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of nearly 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005291/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

Source: Beacon