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Beacon Roofing Supply Agrees to Buy Cassady Pierce

Beacon Roofing Supply, Inc. (Nasdaq: BECN), Peabody, MA, has agreed to acquire Cassady Pierce Company, a distributor of residential and commercial roofing products and related accessories headquartered in Pittsburgh, PA.

Cassady Pierce has six locations in the Pittsburgh area and annual sales of approximately $52 million. Closing on the transaction is expected on May 31, 2012.

Bill Vernal will remain as Cassady Pierce's President and become part of Beacon's regional management team.

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