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Beacon Roofing Supply Inc. (NASDAQ: BECN), Herndon, VA, has agreed to acquire exterior and interior building products distributor Allied Building Products Corp., East Rutherford, NJ, from global diversified building products group CRH plc (NYSE: CRH), for $2.6 billion. The transaction is expected to close in January.
The acquisition will expand Beacon's geographic footprint in New York, New Jersey and other U.S. markets. The combination of Beacon and Allied will also make Beacon one of the largest publicly traded wholesale building materials distributors in North America with pro forma revenues of approximately $7 billion and 593 branches in all 50 states and six provinces across Canada.