TUCKER, Ga.--(BUSINESS WIRE)--GMS Inc. (NYSE:GMS), a leading North American distributor of gypsum wallboard and suspended ceiling systems, announced today the acquisition of Ryan Building Materials, Inc., Ryan’s Lakeland Building Materials, LLC and Ryan’s East Building Materials, Inc. (collectively, “RBM”) located in Michigan.
RBM is a leading supplier of interior building supplies to professional contractors throughout Southeastern Michigan founded in 1965. RBM services large and small projects through three conveniently located yards in Southfield, Clarkston and Harrison Township. Bill Johnston, the owner of RBM, and his team, will join GMS to support the Company’s continuing expansion.
Mike Brown, Vice President of the Midwest Division of GMS, stated, “We are excited to welcome the RBM team into the GMS family as we strengthen our presence in the state of Michigan. With Bill and his team on board, I am confident we can further deliver on the high expectations we have set for our Company.”
Mr. Johnston commented, “We are thrilled to join the GMS family. Over the past 50 years, RBM employees have worked extremely hard to provide the best possible customer service to contractors across Southeastern Michigan. GMS shares our commitment to providing excellent service to contractors. We look forward to building on our position as a premier provider of specialty products in Michigan as we move ahead.”
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.