January 21, 2009

Newark, CA, USA: Petersen-Dean, Inc. Acquires OCR Solar & Roofing

Petersen-Dean, Inc. has acquired OCR Solar & Roofing (OCR), in order to further strengthen its position as one of the largest solar and roofing contractors in California and the U.S.

As part of the acquisition, Petersen-Dean will also form a new subsidiary company, PD Solar, Inc., providing specialized expertise and quality, turn-key solar solutions for both residential and commercial applications. Headquartered in Newark, Calif., Petersen-Dean operations include 20 field offices located throughout California, Arizona, Nevada, Texas and Florida.

The Vacaville-based company OCR brings the greatest reach for solar and roofing in Northern California, with particular expertise in new home construction.

"Petersen-Dean is proud to unite with OCR for a combined 65 years experience in top-quality roofing and solar installations," said Jim Petersen, president and CEO of Petersen-Dean. "This acquisition and the development of PD Solar reinforces our commitment to provide integrated solar solutions that help companies and individual homeowners save energy costs and do the right thing for the environment."

Senior leadership at OCR will help run Petersen-Dean roofing projects in Northern California and be instrumental in developing the new PD Solar. OCR employees will immediately integrate with the Petersen-Dean family to continue providing top quality service and workmanship throughout Northern California.

"We are very pleased to join Petersen-Dean, Inc.," said Dieter Folk, CEO of OCR. "This is an opportunity for us to extend the roofing knowledge and skills we have developed as a company over the past 35 years, while helping to drive solar roofing solutions across the nation."

Further details about: Petersen-Dean, Inc and OCR Solar & Roofing (OCR)