Beacon’s Growth Further Expands Service in Texas

Rhea-AI Summary

Beacon has opened new branches in Brownsville and Georgetown, Texas, expanding its service network to 32 locations across the state. This move aims to support both commercial and residential contractors, providing access to essential building products and enhancing service delivery through the Beacon OTC® network. The company's growth reflects its Ambition 2025 goals, having launched 13 new greenfield branches in 2022. Beacon continues to serve over 80,000 customers with quality products and an extensive branch network.

Positive

• Opened new locations in Brownsville and Georgetown, expanding Texas branches to 32.
• Supports local contractors with improved service and product access.
• Demonstrates commitment to growth with 13 new branches opened in 2022.

Negative

• None.

New branches open in Brownsville and Georgetown

HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN) announced today that it has opened greenfield locations in Brownsville and Georgetown, Texas, growing its service across the state to 32 branches.

Opening a location in Brownsville provides Beacon service in the Rio Grande Valley region of South Texas. The new Georgetown branch is in the vibrant Austin-Round Rock-Georgetown metro area, where customers benefit from inventory and on-time delivery via the Beacon OTC® network.

“Both residential and commercial contractors will gain service and expertise from us in these growing Texas markets,” explained Peter Lippert, Beacon’s Regional Vice President, Texas. “The customer experience we provide will save contractors time and help them to serve their own customers. We also look forward to being active in our new communities, giving back via programs like our national partnership with Rebuilding Together.”

“We are thrilled to be supported by Beacon in our mission to repair homes, revitalize communities and rebuild lives,” added Jesse Porter, Executive Director of Rebuilding Together Austin. “The essential building products Beacon distributes are critical to much of our outreach.”

With these new locations, Beacon has now opened 13 greenfield branches in 2022, demonstrating its commitment to its Ambition 2025 goals for customer excellence and growth.

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 470 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of over 80,000 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/20221212005727/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

FAQ

What new locations did Beacon open?

Beacon opened new branches in Brownsville and Georgetown, Texas.

How many branches does Beacon have in Texas?

With the new openings, Beacon now operates 32 branches in Texas.

What is Beacon's growth strategy for 2025?

Beacon aims to achieve its 'Ambition 2025' goals for customer excellence and growth.

How many greenfield branches has Beacon opened in 2022?

Beacon has opened 13 greenfield branches in 2022.

What services does Beacon provide?

Beacon provides building products and services to residential and commercial contractors.