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 the Hawaiian distribution assets of Grabber Construction Products, Inc. (“Grabber”) located in Honolulu, Hawaii.
Grabber’s Hawaiian operation, founded in 1974, is a highly regarded supplier of fasteners and drywall related products, including USG ceilings throughout Hawaii. Grabber’s extensive presence in the Hawaiian market will materially expand GMS’s footprint in the state. It will be combined with GMS’s existing Hawaiian operations under the J & B Materials brand.
Don Taylor, Vice President of the Western Division of GMS, commented, “We look forward to expanding our product offering and quality service throughout Hawaii. GMS' proven operating model and national resources are poised to form a strong combination with Grabber’s Hawaiian team's deep relationships and outstanding reputation.”
Roland Snyder, Chief Executive Officer of Grabber, stated, “Having our Hawaiian team join with the GMS family is the right move for Grabber. There is a shared level of dedication and drive that will facilitate further success in the Honolulu area and beyond. Grabber’s reputation for superior fasteners in Hawaii will continue to thrive and grow under the expert guidance of GMS.”
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.
About Grabber® Construction Products
Grabber® is an international distributor of quality products for construction professionals. Grabber®'s line includes premium fasteners and fastening systems for wood, metal, and drywall applications in the commercial and residential construction markets. Grabber® also distributes a wide range of proprietary tools, accessories, equipment, and building materials to the construction industry (www.grabberman.com).
For information on Grabber, please visit www.grabberman.com or call 800-477-TURN (8876).
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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