Beacon Announces Acquisition of Passaic Metal and Building Supplies
Beacon (Nasdaq: BECN), a leading wholesale distributor of roofing and exterior products, has acquired Passaic Metal and Building Supplies Co. (PAMPCO). This acquisition expands Beacon's service for contractors in New Jersey and New York, adding six branches to its network. PAMPCO, with roots dating back to 1911, brings four generations of expertise in metal, roofing, and siding.
The acquisition aligns with Beacon's growth strategy, marking its 9th acquisition in 2024. It enhances Beacon's metal solutions capabilities and adds skilled craftspeople trained in fabrication. This move supports Beacon's progress towards its Ambition 2025 plan, following the company's success in exceeding its 2023 revenue and shareholder return targets.
Beacon (Nasdaq: BECN), un importante distributore all'ingrosso di prodotti per coperture ed esterni, ha acquisito Passaic Metal and Building Supplies Co. (PAMPCO). Questa acquisizione amplia il servizio di Beacon per i contractor nel New Jersey e New York, aggiungendo sei filiali alla sua rete. PAMPCO, con radici che risalgono al 1911, porta con sé quattro generazioni di esperienza in metallo, coperture e rivestimenti.
L'acquisizione è in linea con la strategia di crescita di Beacon, segnando la sua nona acquisizione nel 2024. Essa potenzia le capacità di soluzioni in metallo di Beacon e aggiunge artigiani esperti formati nella fabbricazione. Questo passo supporta il progresso di Beacon verso il suo piano Ambition 2025, dopo il successo dell'azienda nel superare gli obiettivi di fatturato e rendimento per gli azionisti nel 2023.
Beacon (Nasdaq: BECN), un destacado distribuidor mayorista de productos para techos y exteriores, ha adquirido Passaic Metal and Building Supplies Co. (PAMPCO). Esta adquisición expande el servicio de Beacon para contratistas en New Jersey y Nueva York, añadiendo seis sucursales a su red. PAMPCO, con raíces que datan de 1911, aporta cuatro generaciones de experiencia en metal, techado y revestimiento.
La adquisición está alineada con la estrategia de crecimiento de Beacon, marcando su novena adquisición en 2024. Mejora las capacidades de soluciones metálicas de Beacon y añade artesanos cualificados capacitados en fabricación. Este movimiento apoya el avance de Beacon hacia su plan Ambition 2025, tras el éxito de la empresa en superar sus objetivos de ingresos y retorno a los accionistas en 2023.
비콘 (Nasdaq: BECN)은 지붕 및 외장 제품의 주요 도매 유통업체로서 파사익 메탈 및 건축 자재 회사 (PAMPCO)를 인수했습니다. 이번 인수로 비콘은 뉴저지 및 뉴욕 지역의 계약자들을 위한 서비스를 확장하며, 네트워크에 여섯 개의 지점을 추가했습니다. PAMPCO는 1911년으로 거슬러 올라가는 역사와 함께 금속, 지붕, 외장재 분야에서 4세대의 전문성을 갖추고 있습니다.
이번 인수는 비콘의 성장 전략과 일치하며, 2024년의 아홉 번째 인수를 의미합니다. 이는 비콘의 금속 솔루션 능력을 강화하고, 제작 훈련을 받고 숙련된 장인들을 추가합니다. 이 조치는 2023년 매출과 주주 수익 목표를 초과 달성한 회사의 성과에 이어, 비콘이 앰비션 2025 계획을 향해 나아가고 있음을 지원합니다.
Beacon (Nasdaq: BECN), un important distributeur en gros de produits de toiture et d'extérieur, a acquis Passaic Metal and Building Supplies Co. (PAMPCO). Cette acquisition élargit le service de Beacon pour les entrepreneurs dans le New Jersey et New York, ajoutant six succursales à son réseau. PAMPCO, dont les origines remontent à 1911, apporte quatre générations d'expertise dans le domaine du métal, des toitures et des revêtements.
Cette acquisition s'inscrit dans la stratégie de croissance de Beacon, marquant sa neuvième acquisition en 2024. Elle renforce les capacités de solutions métalliques de Beacon et ajoute des artisans qualifiés formés à la fabrication. Cette initiative soutient les avancées de Beacon vers son plan Ambition 2025, après le succès de l'entreprise à dépasser ses objectifs de revenu et de rendement pour les actionnaires en 2023.
Beacon (Nasdaq: BECN), ein führender Großhändler für Dach- und Außenprodukte, hat Passaic Metal and Building Supplies Co. (PAMPCO) erworben. Diese Übernahme erweitert Beacons Service für Auftragnehmer in New Jersey und New York und fügt dem Netzwerk sechs Niederlassungen hinzu. PAMPCO, dessen Wurzeln bis ins Jahr 1911 zurückreichen, bringt vier Generationen von Fachwissen in Metall, Dach und Fassadenverkleidung mit.
Die Akquisition steht im Einklang mit Beacons Wachstumsstrategie und markiert die neunte Übernahme im Jahr 2024. Sie verbessert die Fähigkeiten von Beacons Metalllösungen und ergänzt das Team um qualifizierte Handwerker, die in der Fertigung geschult sind. Dieser Schritt unterstützt Beacons Fortschritte auf dem Weg zum Ambition 2025 Plan, nachdem das Unternehmen erfolgreich seine Ziele für Umsatz und Rendite der Aktionäre im Jahr 2023 übertroffen hat.
- Acquisition of PAMPCO expands Beacon's service area in New Jersey and New York
- Addition of six new branches to Beacon's network
- Enhances Beacon's metal solutions capabilities and adds skilled fabrication craftspeople
- Marks Beacon's 9th acquisition in 2024, demonstrating strong growth strategy
- Supports progress towards Ambition 2025 plan
- None.
Insights
Beacon's acquisition of PAMPCO is a strategic move that expands its market presence in New Jersey and New York. This aligns with Beacon's Ambition 2025 plan, which focuses on growth through acquisitions. The deal marks Beacon's 9th acquisition in 2024, demonstrating aggressive expansion.
PAMPCO's century-long history and specialized expertise in metal, roofing and siding add significant value to Beacon's portfolio. This acquisition particularly enhances Beacon's metal solutions capabilities, including skilled fabrication craftspeople.
While specific financial details aren't disclosed, the acquisition likely contributes positively to Beacon's revenue growth, given PAMPCO's established presence across six branches. Investors should monitor Beacon's upcoming financial reports for the acquisition's impact on revenue and profitability.
This acquisition strengthens Beacon's position in the competitive construction supply market. By integrating PAMPCO's operations, Beacon gains access to a loyal customer base of residential and commercial contractors in the Northeast region.
The move aligns with industry trends of consolidation and vertical integration in the building materials sector. It allows Beacon to diversify its product offerings and expand its technical support capabilities, potentially leading to increased market share and customer retention.
Investors should note that this acquisition, combined with Beacon's previous deals, indicates a robust growth strategy. The company's ability to exceed its Ambition 2025 targets ahead of schedule suggests strong execution and potential for continued outperformance in the building materials distribution market.
Expands service for contractors in
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240802213496/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
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