Posi-Slope Acquired by Beacon Roofing Supply

Beacon Roofing Supply, Inc. (Nasdaq: BECN) announced today that it has acquired Posi-Slope Enterprises, Inc. and its sister company Posi-Pentes, which specialize in the design and fabrication of tapered roof insulation systems. Posi-Slope has two locations, in the Provinces of Ontario and Quebec, and services customers throughout Canada.

Louis Zammit, who will remain President of Posi-Slope, stated "I am pleased for Posi-Slope and our employees to continue as part of the Beacon family. This will allow us to better serve our existing tapered insulation customers across Canada and expand our reach to Beacon’s customers. We are excited about Posi-Slope’s future at Beacon."

Paul Isabella, Beacon’s President and Chief Operating Officer and Marc Allaire, President of Beacon Canada have emphasized how the Posi-Slope acquisition complements Beacon’s existing tapered insulation business in Eastern Canada and stated, "We welcome Posi-Slope’s tapered insulation team to the Beacon family. Acquiring Posi-Slope will establish Beacon as a tapered design leader throughout Canada, and allow us to expand our presence in the Province of Ontario and to better serve our existing commercial roofing customers."