Erie Materials acquires NEG Building Products
Erie Materials, the Syracuse, New York-based roofing and building products distributor, has acquired NEG Building Products of Nicholson, Pennsylvania.
NEG designs, manufactures, and wholesales metal trim and roofing accessories. The company will continue to operate as usual and without interruption, Erie Materials said.
NEG founder Bob Wallace Sr. will remain engaged throughout the transition and his son, Bob Wallace Jr., will continue to be responsible for day-to-day operations. All existing employees, with an average tenure of over 20 years, are expected to remain with the company.
“Erie Materials and NEG have enjoyed a successful business partnership for more than 25 years and this acquisition will ensure long-term supply stability and quality of critical products for Erie Materials while enabling NEG to leverage Erie Materials’ strong relationships and market presence to expand its sales and product offering,” said Chris Neumann, president of Erie Materials.
The financial terms of the deal were not disclosed.
Celebrating its 50th anniversary, Erie Materials distributes building materials for residential and commercial exteriors, such as roofing, siding, windows, doors, decking, manufactured stone veneer, and gutters.
With headquarters in Syracuse, Erie serves professional contractors and architects through its locations in Albany, Auburn, Binghamton, Elmira, Syracuse, Utica and Watertown, New York as well as Scranton and Williamsport, Pennsylvania.
The company will open a new location in Poughkeepsie, New York in 2024.
Erie Materials has earned designation as a Great Place to Work-Certified company for four consecutive years. The award is determined through validated employee feedback and requires at least 70% to have a consistently positive experience. In 2023, 89% said they did. This pride is evident in the long service of its employees.
The company is also a member of the Independent Distributors Alliance Corporation (IDAC), with 30 distributors representing $9 billion in sales revenue.
