Beacon Roofing Supply Inc. (NASDAQ: BECN), Herndon, VA, has entered right into a definitive buy settlement to purchase exterior and inside constructing merchandise distributor, Allied Building Products Corp., East Rutherford, NJ, from international diversified constructing merchandise group CRH plc (NYSE: CRH), for $2.6 billion in money. The transaction is predicted to shut in January 2018.
The acquisition will broaden Beacon's geographic footprint in New York, New Jersey and different U.S. markets. The mixture of Beacon and Allied will even make Beacon one of many largest publicly traded wholesale constructing supplies distributors in North America with professional forma revenues of roughly $7 billion and 593 branches in all 50 states and 6 provinces throughout Canada.
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