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Beacon expands waterproofing operations with new acquisition By Investing.com

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HERNDON, Va. – Beacon (NASDAQ:BECN), a distributor of building materials, announced the completion of its acquisition of Metro Sealant & Waterproofing Supply, Inc., a company specializing in sealant and waterproofing solutions in the Mid-Atlantic region. The acquisition, which includes Metro Sealant’s headquarters in Springfield, VA, and three additional branches, is part of Beacon’s strategy to enhance its services in the waterproofing sector.

Metro Sealant, with a 35-year history, has been serving contractors, design professionals, and owners with its expertise in commercial construction waterproofing. Garth Viar, CEO of Metro Sealant commented, “We are proud to join the Beacon team and its growing waterproofing division, which is now nearly nationwide.”

Martin Harrell, Beacon’s Division President, Waterproofing, praised the technical knowledge of the Metro Sealant team and emphasized the importance of waterproofing products in protecting against extreme weather. The acquisition aligns with Beacon’s ambition to distribute specialty products and provide protection in communities nationwide.

This move marks Beacon’s second acquisition in 2024 and supports its aim to achieve above-market growth and to fulfill its Ambition 2025 plan, which includes revenue and shareholder return targets. The company, founded in 1928, operates over 530 branches across the United States and Canada, serving nearly 100,000 customers.

The information for this article is based on a press release statement from Beacon.

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