Beacon Acquires Silver State Building Materials; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Beacon (NASDAQ:BECN) has acquired Silver State Building Materials, a family business based in Gardnerville, Nevada, serving the South Lake Tahoe and Reno market with residential roofing and complementary products for over 30 years. Financial terms were not disclosed.
June 12, 2023 | 2:46 pm
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POSITIVE IMPACT
Beacon's acquisition of Silver State Building Materials expands its distribution presence in Nevada, potentially driving growth and contributing to its Ambition 2025 goals.
The acquisition of Silver State Building Materials expands Beacon's distribution presence in the growing South Lake Tahoe and Reno market. This could lead to increased revenues and help the company achieve its Ambition 2025 goals, which include driving above-market growth. As a result, the stock price is likely to go up in the short term.
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