Beacon Roofing Supply Announces the Expiration of the Hart-Scott-Rodino Waiting Period for its Acquisition of Allied Building

  Beacon Roofing Supply Announces the Expiration of the Hart-Scott-Rodino
  Waiting Period for its Acquisition of Allied Building Products

Business Wire

HERNDON, Va. -- October 4, 2017

Beacon Roofing Supply, Inc. (NASDAQ: BECN) (“Beacon”) announced today the
expiration of the waiting period required under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended (“HSR”), in connection with its
acquisition of Allied Building Products Corp. (“Allied”). The waiting period
expired on Monday, October 2, 2017. As announced on August 24, 2017, Beacon
has entered into a definitive purchase agreement to acquire Allied, one of the
country's largest exterior and interior building products distributors, from
global diversified building products group CRH plc (LSE: CRH, ISE: CRG, NYSE:
CRH) ("CRH") for $2.625 billion in cash. The transaction is expected to close
on January 2, 2018.

Following the expiration of the waiting period, Paul Isabella, Beacon’s CEO
and President, stated: "We are very pleased that the HSR waiting period now is
behind us. Everything is on schedule for our anticipated January 2, 2018
closing, and we remain excited about the combination of these two great
companies. This transformative acquisition will allow Beacon to provide even
better service and broader product offerings to our customers, greater
opportunities for our employees, and increased value for our shareholders.”

Forward-Looking Statements

This release contains information about management’s view of Beacon’s future
expectations, plans, and prospects that constitute forward-looking statements
for purposes of the safe harbor provisions under the Private Securities
Litigation Reform Act of 1995. You can identify forward-looking statements by
the fact that they do not relate strictly to historic or current facts and
often use words such as “anticipate”, “estimate”, “expect”, “believe”, “will
likely result”, “outlook”, “project” and other words and expressions of
similar meaning. Actual results may differ materially from those indicated by
such forward-looking statements as a result of various important factors,
including, but not limited to, those set forth in the “Risk Factors” section
of Beacon’s latest Form 10-K and subsequent SEC filings. The forward-looking
statements included in this press release represent Beacon’s views as of the
date of this press release and these views could change. However, while Beacon
may elect to update these forward-looking statements at some point, Beacon
specifically disclaims any obligation to do so, other than as required by
federal securities laws. These forward-looking statements should not be relied
upon as representing Beacon’s views as of any date subsequent to the date of
this press release.

About Beacon Roofing Supply, Inc.

Founded in 1928, Beacon Roofing Supply, Inc. is the largest publicly traded
distributor of residential and commercial roofing materials and complementary
building products, operating 383 branches throughout 48 states in the U.S. and
6 provinces in Canada. To learn more about Beacon and its family of regional
brands, please visit

View source version on


Beacon Roofing Supply, Inc.
Joseph Nowicki, Executive VP & CFO
Press spacebar to pause and continue. Press esc to stop.