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BECN - Beacon Roofing Supply Inc
-1.67(-3.01%)6:00:01 PM 11/26/2021
Beacon is an American publicly traded company which sells residential and non-residential roofing products, as well as related building products in North America. As of January 2, 2018, upon the completion of its acquisition of Allied Building Products, the company had 589 locations throughout all 50 states and six Canadian provinces, and over 8,500 employees. In addition to roofing, local divisions may also sell windows, siding, decking, waterproofing, and other external building products. The company is currently headquartered in Herndon, Virginia. Beacon was established in 1928 in Charlestown, Massachusetts, as Beacon Sales Company. By 1953, the company had outgrown its building in Charlestown, and built a new facility in nearby Somerville. In the 1970s, the company expanded to Worcester, Massachusetts, and Lewiston, Maine. In 1984, Andrew Logie bought a majority interest in the company. At that time, sales were almost $17 million, virtually all in commercial roofing. Shortly after Logie became CEO, David Grace joined Beacon as the company's chief financial officer. During Logie's tenure, the company opened new branches throughout the United States, and expanded into residential roofing as well as commercial roofing. By 1997, seven branches were generating $72 million in annual sales
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