GMS Marks Entrance into Indiana with Acquisition of Interior Products Supply
December 06 2016 - 04:41PM
Business Wire
GMS Inc. (NYSE:GMS), a leading North American distributor of
gypsum wallboard and suspended ceiling systems, announced today the
acquisition of the Interior Products Supply Drywall Division and
Interior Products Supply Door Division of SGI, Inc. (collectively,
“IPS”) located in Fort Wayne, Indiana.
IPS, founded in 1984, is a leading supplier of interior building
supplies to professional contractors throughout Northeastern
Indiana. IPS services large and small projects from a single
location in Fort Wayne. IPS is also the exclusive distributor of
USG Ceilings in the Fort Wayne metropolitan area. IPS will operate
within the Central Division of GMS and continue doing business as
Interior Products Supply.
Jerry Speights, Vice President of the Central Division of GMS
stated, “We welcome IPS to the GMS family and look forward to
expanding our company’s professional, quality services into
Indiana. I foresee IPS General Manager Jason Ehrman and his team of
highly skilled professionals being instrumental in achieving the
high expectations we have set forth for IPS’ continued success as
they work to leverage the resources of GMS.”
“Our team at IPS is excited to move ahead as we look to build on
our more than 30 years of success as we join with the GMS family.
With GMS’ shared values approach and commitment to the customer, we
are looking forward to creating an even stronger presence in
Northeastern Indiana. I am confident that IPS’ lofty reputation
will continue to thrive under the seasoned experience of GMS,”
stated IPS General Manager Jason Ehrman.
About GMS:
Founded in 1971, GMS operates a network of more than 200
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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