Beacon Acquires Garvin Construction Products; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Beacon (NASDAQ:BECN) has completed the acquisition of waterproofing distributor Garvin Construction Products. The acquisition is in line with Beacon's Ambition 2025 plan to grow above market by expanding its footprint and complementary product offering. Since launching the plan, Beacon has completed eight acquisitions and opened 16 new greenfield locations in 2023.
October 02, 2023 | 4:19 pm
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Beacon's acquisition of Garvin Construction Products is expected to enhance its product offering and market presence, potentially leading to increased revenues and growth.
The acquisition of Garvin Construction Products expands Beacon's product offering and market presence, which could lead to increased revenues and growth. This is in line with Beacon's Ambition 2025 growth plan, indicating a strategic move by the company.
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