Beacon Announces Acquisition of Crabtree Siding and Supply
Beacon (the “Company”) announced the acquisition, effective January 1, 2022, of Crabtree Siding and Supply (“Crabtree”), a wholesale distributor of residential exterior building materials, including a broad offering of complementary products, to contractors and homebuilder customers. Crabtree has built a strong reputation for long-term mutually beneficial relationships with customers and suppliers, reaching annual sales of approximately $1 million. Their Cookeville, Tenn. location is strategically located in the growing market between Nashville and Knoxville.
“Joining forces with Beacon is a step ahead for our customers,” commented Donna Crabtree, Crabtree’s Owner. “We have grown the business from humble beginnings by working hard and treating customers right, and it’s clear that those values are inherent at Beacon.”
“We are pleased to welcome Crabtree to Beacon’s team. Their history of excellent customer service and supplier relations, combined with a superior location, will allow us to further grow Beacon’s presence in Tennessee, particularly this important but underserved area of the state,” commented Munroe Best, President, South Division Beacon.
Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of roofing materials and complementary building products in North America, operating over 400 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.
Jennifer Lewis – Vice President Communications & Corporate Social Responsibility – Jennifer.Lewis@becn.com – (571) 752-1048
Source: Beacon Roofing Supply, Inc.