TUCKER, Ga.--(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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