Benzinga | Dec 31, 2021 07:56AM EST

Beacon Announces Acquisition Of Crabtree Siding And Supply; Terms Not Disclosed

Beacon (NASDAQ:BECN) (the "Company") announced today the acquisition, effective January 1, 2022, of Crabtree Siding and Supply ("Crabtree"), a wholesale distributor of residential exterior building materials, including a broad offering of complementary products, to contractors and homebuilder customers. Crabtree has built a strong reputation for long-term mutually beneficial relationships with customers and suppliers, reaching annual sales of approximately $1 million. Their Cookeville, Tenn. location is strategically located in the growing market between Nashville and Knoxville.

"Joining forces with Beacon is a step ahead for our customers," commented Donna Crabtree, Crabtree's Owner. "We have grown the business from humble beginnings by working hard and treating customers right, and it's clear that those values are inherent at Beacon."

"We are pleased to welcome Crabtree to Beacon's team. Their history of excellent customer service and supplier relations, combined with a superior location, will allow us to further grow Beacon's presence in Tennessee, particularly this important but underserved area of the state," commented Munroe Best, President, South Division Beacon.