Beacon Roofing Supply, Inc. BECN ("Beacon") announced today that it
has reached an agreement to acquire McClure-Johnston Company
(“McClure-Johnston”), a distributor of residential and commercial roofing
products and related accessories headquartered in the Pittsburgh suburb of
Braddock, Pa. Founded in 1914, McClure-Johnston has 14 locations with eight in
Pennsylvania, three in West Virginia, one in Western Maryland and two in
Georgia. Annual sales are approximately $85 million. Closing on the
transaction is expected on or before November 1, 2012, and is to occur
simultaneously with the execution of a definitive purchase agreement.
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