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Beacon Roofing to acquire McClure-Johnston

Beacon Roofing Supply has reached an agreement to acquire McClure-Johnston Company, a distributor of residential and commercial roofing products and related accessories headquartered in the Pittsburgh suburb of Braddock, Pa. Founded in 1914, McClure-Johnston has 14 locations with eight in Pennsylvania, three in West Virginia, one in Western Maryland and two in Georgia. Annual sales are approximately $85M. Closing on the transaction is expected on or before November 1 and is to occur simultaneously with the execution of a definitive purchase agreement.