TUCKER, Ga.--(BUSINESS WIRE)--GMS Inc. (NYSE:GMS), a leading North American distributor of gypsum wallboard and suspended ceiling systems, announced today it has acquired substantially all of the operating assets of Washington Builder’s Supply Company (“WBS”) located in Meadow Lands, PA, approximately 25 miles southwest of Pittsburgh.
“We are proud to add WBS to our GMS family,” said Mike Anderson, Vice President of the Northeast Division of GMS. “WBS has a long history in servicing the Greater Pittsburgh Market and a reputation for quality, efficiency and knowledgeable sales support. This yard increases our presence in Western Pennsylvania and will help us better serve this important market.”
WBS has been in business since 1988 and will join Ohio Valley Drywall Supply (“Ohio Valley”), a GMS company acquired in 2015 that serves residential and commercial customers in Pittsburgh and the surrounding areas. Together, WBS and Ohio Valley will stock a wide variety of products including drywall, steel, insulation and construction accessories, along with a full range of commercial and residential services, such as after-hours and weekend delivery as needed. WBS is led by Joel Whiteko, who will join Ohio Valley along with the rest of the WBS team.
“WBS shares GMS' commitment to excellent service and we look forward to being part of a larger operation,” Whiteko said. “We are eager to integrate into GMS and continue providing strong customer service and quality materials throughout the Pennsylvania-West Virginia-Ohio region.”
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.