GMS Strengthens Its Presence in Texas with Acquisition of Southwest Building Materials
TUCKER, Ga.--(BUSINESS WIRE)-- GMS Inc. (NYSE: GMS), a leading North American distributor of gypsum wallboard, suspended ceiling systems and other specialty building products, announced today the acquisition of Southwest Building Materials, Ltd. (“SWBM”), based in Amarillo, Texas.
Founded in 1984, SWBM distributes wallboard, ceilings and other interior building products serving residential and commercial projects of all sizes in the Texas Panhandle, Oklahoma and Eastern New Mexico markets.
SWBM will enhance GMS’s existing distribution network in West Texas, which includes legacy branches in Lubbock, TX and Midland, TX.
Brad Nannen, Vice President of the Southern Division of GMS, stated, “We are thrilled to welcome Southwest Building Materials to the GMS family. The acquisition allows GMS to continue to expand its already strong presence in Texas, reinforcing our commitment to high quality products and excellent customer service.”
Scott Anderson, Branch Manager of SWBM, commented, “The Southwest Building Materials team is eager to begin work as a GMS company. SWBM has been a leader in construction materials supply in the Texas Panhandle and surrounding areas for more than 30 years and plans to continue its commitment to quality as a GMS company.”
Founded in 1971, GMS operates a network of more than 210 distribution centers across the United States. The company’s extensive product offerings include wallboard, suspended ceilings systems and complementary interior construction materials. GMS is designed to provide comprehensive one-stop-shopping for its core customers -- interior contractors who install these products in commercial and residential buildings. For more information about GMS, please visit www.gms.com or email email@example.com.
Forward-Looking Statements and Information:
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify forward-looking statements by our use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "seek," or "should," or the negative thereof or other variations thereon or comparable terminology. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. Forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements. These risks and uncertainties may include, among other things: changes in the prices, supply, and/or demand for products which we distribute; general economic and business conditions in the United States; the activities of competitors; changes in significant operating expenses; changes in the availability of capital and interest rates; adverse weather patterns or conditions; acts of cyber intrusion; variations in the performance of the financial markets, including the credit markets; and other factors described in the "Risk Factors" section in our filings with the SEC. We undertake no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectation or otherwise.
Source: GMS Inc.