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Beacon Roofing Supply, Inc. (NASDAQ: BECN), Peabody, MA, No. 5 on MDM's list of top building materials distributors, opened its 200th branch in Myrtle Beach, SC.
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The Myrtle Beach branch will operate under the Best Distributing name. Best Distributing, founded in 1880 and acquired by Beacon in 2000, is a full-service distributor of roofing, siding, windows and other related building products in North Carolina, South Carolina, Tennessee and Southern Virginia.
Beacon's growth strategy includes both internal growth (opening branches, growing sales with existing customers, adding new customers and introducing new products) and acquisition growth. The company has opened 28 new branches since its IPO in 2004.