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Home » Topics » Roofing Supply Pro » Roofing Supplier News

Roofing Supplier News
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Beacon_Logo_DWH.jpg
Distribution Awards

Beacon Named National Preferred Partner by David Weekley Homes

Roofing Contractor
Roofing Contractor Staff
July 3, 2024
No Comments

Beacon has been recognized for a fifth year as a National Preferred Partner by David Weekley Homes, one of the United States’ largest privately-held home builders.


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Beacon Building Products purchased Extreme Metal Fabricators, LLC and Integrity Metals, LLC. (Metal roof pictured.)
Distributor News

Beacon Buys 2 Florida Metal Fabricators, Expands New Offerings

Added offerings and capacity give Sunshine State contractors greater choices
Roofing Contractor
Roofing Contractor Staff
July 2, 2024
No Comments

Beacon announced the acquisition of Extreme Metal Fabricators and Integrity Metals, expanding its metal roofing offerings in Florida and enhancing service for contractors along the state's Atlantic coast.  


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APsystems is now on CertainTeed’s approved vendor list (solar panels being installed – pictured).
Solar News

APsystems Joins CertainTeed’s Solar Panel Warranty Approved Vendor List

APsystems Microinverters Now Covered Under CertainTeed’s 25-year Solstice Panel Gold Warranty
Roofing Contractor
Roofing Contractor Staff
July 1, 2024
No Comments

APsystems, a solar microinverter technology company, is now included in the CertainTeed Solstice Panel warranty-approved vendor list, enabling accredited contractors to offer a 25-year warranty covering parts and labor for the entire solar roofing system.


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AWMH_2.jpg

Lowe's Teams Up with Metallica to Promote Skilled Trades Training for Colleges

$500,000 donation to expand Metallica foundation's support of skilled trades training for community college students
Roofing Contractor
Roofing Contractor Staff
June 28, 2024
No Comments

Lowes' Foundation is partnering with programs like the Metallica Scholars to ensure the next generation of builders can meet the demands of the modern world.


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Pacific Coast Supply Fire.jpg
Safety

Fire Erupts at California Roofing Supplier Warehouse

Firefighters had to request a boost to water pressure to fight three-alarm blaze
Chris Gray, editor of Roofing Contractor and Roofing Supply Pro
Chris Gray
June 27, 2024
No Comments

Firefighters took on a three-alarm fire in West Oakland, Calif., for two hours as roofing materials burned inside the warehouse, causing the metal roof to collapse.


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Goldman Sachs increased its holdings of Beacon shares by 11.6% in Q4 of 2023. (Goldman Sachs HQ pictured.)
Distributor News

Goldman Sachs Bullish on Beacon, Increases Position by 11.6%

Investment Bank now holds $52M in stock
Bryan Gottlieb
Bryan Gottlieb
June 21, 2024
No Comments

Goldman Sachs increased its Beacon Roofing Supply shares by 11.6% in Q4, owning 602,287 shares worth $52.4M. Despite a "hold" rating from StockNews.com, other investors and analysts remain confident.


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IKO Commercial announced its expansion into New York by hiring two exclusive sales agents.
Manufacturer News

IKO Commercial Expands New York Footprint

Appoints BEST and MPDL Roofing as Exclusive Independent Sales Agencies
Roofing Contractor
Roofing Contractor Staff
June 20, 2024
No Comments

IKO announced the expansion of its New York footprint by appointing BEST for NYC and MPDL Roofing for upstate New York as exclusive independent sales agencies.  


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A picture of the NASDAQ exchange.
Capitalization

QXO Announces $3.5 Billion Private Placement

New ‘kid on the block’ has amassed a substantial war chest to make its presence known
Roofing Contractor
Roofing Contractor Staff
June 19, 2024
No Comments

QXO, Inc., a new building products distributor, announced a $3.5 billion private placement, selling 340.9 million shares at $9.14 each and is expecting to close in Q3 2024 with 821.6 million shares outstanding; QXO is listed on the NASDAQ.


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OC_Manufacturing Leadership Awards Photo.jpg
Manufacturer News

Owens Corning Named 2024 Manufacturing Leadership Award Winner for Operational Excellence

Roofing Contractor
Roofing Contractor Staff
June 19, 2024
No Comments

Owens Corning was one of 27 finalists for the award chosen from a pool of applicants from across the country.


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A Home Depot shopping bag containing the SRS Distribution logo (pictured).
Acquisition News

It's Official: Home Depot Closes on $18B SRS Deal

In less than three months, The Home Depot has arguably become a dominant force within the building envelope supply business
Bryan Gottlieb
Bryan Gottlieb
June 19, 2024
No Comments

The Home Depot, the nation’s largest home improvement retailer, finalized its $18.25 billion acquisition of SRS Distribution, enhancing its position in the building materials industry and expanding its market by an estimated $50 billion. 


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