GMS Expands Position in Ohio with Acquisition of Specialty Products Distributor
October 04 2016 - 7:25AM
Business Wire
GMS Inc. (NYSE:GMS), a leading North American distributor of
gypsum wallboard and suspended ceiling systems, announced today its
acquisition of United Building Materials, Inc. and United
Construction Products, Inc. (collectively, “UBM”) located in
Ohio.
Founded in 1996, UBM quickly became a leading supplier of
drywall, metal framing, acoustical ceilings and insulation to
professional contractors throughout Southwestern Ohio. UBM services
large and small projects through three conveniently located yards
in Cincinnati, Columbus and Dayton. Ray Zawadzki, the owner of UBM,
and his entire team, will join GMS to support the Company’s
continuing expansion.
Jerry Speights, Vice President of the Central Division of GMS,
stated, “We are excited to welcome the UBM team into the GMS family
and strengthen our presence in the state of Ohio. We are driven by
success and a commitment to provide the best service and products
to our clients. With Ray and his team on board, I am confident we
can further deliver on the high expectations we have set for our
Company.”
Mr. Zawadzki commented, “We are thrilled to join GMS. We have
worked extremely hard over the course of our twenty years to build
our extensive customer base and establish our brand across
Southwestern Ohio. GMS shares our commitment to provide excellent
service to interior contractors which is directly aligned with our
vision. We look forward to building on our position as a premier
provider of specialty products in Ohio as we move ahead.”
About GMS:
Founded in 1971, GMS operates a network of more than 195
distribution centers across the United States. GMS’s extensive
product offering of wallboard, suspended ceilings systems, or
ceilings, and complementary interior construction products is
designed to provide a comprehensive one-stop-shop for our core
customer, the interior contractor who installs these products in
commercial and residential buildings.
For more information about GMS, please visit www.gms.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.
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