Benzinga | Oct 6, 2021 03:03PM EDT

Beacon Opens New Branches In Texas, Florida

* Beacon Roofing Supply, Inc. (NASDAQ:BECN) has opened two new branches to expand service to customers in the Houston, Texas, and North Port-Bradenton-Sarasota, Florida market areas.

* The company noted that the expansion displays its focus on investing resources in key markets as part of its organic growth strategic initiative.

* The Houston location is a Beacon OTC Network hub and houses approximately 125,000 square feet of inventory, while the North Port location houses ~30,000 square feet of inventory.

* Both branches serve residential and non-residential customers with brands of roofing and complementary products, including Beacon's TRI-BUILT brand.

* Price Action: BECN shares are trading lower by 0.52% at $48.06 on the last check Wednesday.