Beacon Announces Acquisition of General Siding Supply

Five new locations and increased service for building contractors in the Midwest

Beacon (Nasdaq: BECN) announced today that it has completed the acquisition of General Siding Supply (“General Siding”) headquartered at its Omaha, NE branch, with four additional branches located in Lincoln, NE, Grand Island, NE, Sioux City, IA and West Fargo, ND.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240412236560/en/

General Siding Supply

For nearly 50 years, General Siding has provided building supplies including siding, windows, and doors to Midwest contractors. “Beacon is a great place to work, and our employees are excited to join the team. Our customers will benefit from combining our product catalog and expertise. They will also gain access to Beacon PRO+ for online ordering and delivery tracking,” commented Jeff Spanheimer, General Siding’s President.

“This acquisition deepens our complementary building product offering and adds branch locations that expand our branch network in key markets. The Spanheimer family’s business has a long-standing reputation as siding specialists with unparalleled technical knowledge and service reliability. We are proud to have them join Team Beacon,” added Bill Sarvis, Beacon’s Regional Vice President, Midwest.

Beacon has completed three acquisitions adding twelve branches and signed a purchase agreement for a fourth acquisition to date in 2024. In addition, five new locations have opened this year. Footprint expansion is an important element of our Ambition 2025 plan. We continue to deliver on our commitments to drive above-market growth to better serve customers. The company exceeded its Ambition 2025 revenue and shareholder return targets two years early and continues to make significant advances to achieve the full Ambition 2025 plan.

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 540 branches throughout all 50 states in the U.S. and 7 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/20240412236560/en/