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Allied Building Products Corp. Completes Acquisition Of Ivan Supply Co.

Stocks in this article: CRH

Allied Building Products Corp., a division of Oldcastle, Inc. (NYSE: CRH) announced that it has completed its acquisition of Ivan Supply Co. LLC a privately held roofing and siding distributor based in Philadelphia, Pennsylvania.

Ivan Supply Co., a four branch distributor of roofing and siding, was founded in 1981 by Ivan Tancredi. Since opening, Ivan Supply has maintained a strong presence in the central Philadelphia market. With regard to the acquisition, Tancredi said “Ivan Supply employees are some of the best in the industry which makes the acquisition by Allied such a natural fit. Two great companies with well-educated employees all focused on one goal; helping our customers succeed.”

 
Ivan Supply, Co. locations are as follows:
 
South Philly: 2100 Washington Ave.
West Philly: 4643 Lancaster Ave.
North Philly: 1901 Courtland St.
North Philly: 915 Rising Sun Ave.
 

About Allied

Allied Building Products Corp. is a wholesale distributor of exterior and interior building materials with $1.7 billion in annual revenues. Allied services professional contractors in 29 states with residential and commercial roofing, waterproofing, siding, windows, drywall, acoustical, metal framing and solar products along with all related accessories. Allied is a division of Oldcastle, Inc., the North American holding company for CRH plc (NYSE: CRH).

For more information about Allied Building Products, visit http://www.alliedbuilding.com/.



Copyright Business Wire 2010

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