Beacon Buying Allied Building Products
(Sept. 7, 2017) Beacon Roofing Supply, Peabody, Ma., has agreed to acquire Allied Building Products Corp., East Rutherford, N.J., for $2.625 billion in cash.
Allied brings Beacon 208 additional branches, 3,500 more employees, new markets, and depth in doors, windows, decking and other key product categories. Once merged, Beacon will generate $7 billion in annual revenue from 593 branches in all 50 states and six Canadian provinces.
The deal is expected to close about January 2, 2018.