Beacon Roofing Supply To Acquire McClure-Johnston Company

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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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