GMS Expands Its Presence on Vancouver Island with the Acquisition of Home Lumber & Building Supplies
02 Maio 2023 - 8:00AM
Business Wire
GMS Inc. (NYSE: GMS), a leading North American specialty
building products distributor, today provided an update on the
continued execution of its strategic priorities, including platform
expansion and Complementary Product growth, with its acquisition of
Jawl Lumber Corporation, which provides service to the Vancouver
Island market in Canada under the Home Lumber and Building Supplies
(“Home Lumber”) brand name.
“Home Lumber is a leading supplier of lumber, engineered wood,
doors, framing packages and siding as well as other key
Complementary building materials offered by GMS Canada,” said John
C. Turner, Jr., President and Chief Executive Officer. “This
acquisition will further strengthen our ability to serve our
customers and provide an opportunity to expand our tools and
fasteners offerings to a new customer base, reinforcing our
existing market position on Vancouver Island. We’d like to welcome
the Home Lumber team and their highly-respected brand to the GMS
family.”
Jawl Lumber Corporation, d/b/a Home Lumber
& Building Supplies; Acquired May 1, 2023
Established in 1960 by the Jawl family, Home Lumber and Building
Supplies is one of Vancouver Island’s oldest and most respected
suppliers of lumber and other complementary building materials.
Like GMS, the Company is committed to providing outstanding service
to its customers. Home Lumber operates from a single location in
Victoria, Canada.
About GMS:
Founded in 1971, GMS operates a network of approximately 300
distribution centers with extensive product offerings of Wallboard,
Ceilings, Steel Framing and Complementary Products. In addition,
GMS operates approximately 100 tool sales, rental and service
centers, providing a comprehensive selection of building products
and solutions for its residential and commercial contractor
customer base across the United States and Canada. The Company’s
unique operating model combines the benefits of a national platform
and strategy with a local go-to-market focus, enabling GMS to
generate significant economies of scale while maintaining high
levels of customer service.
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 those 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230502005129/en/
Carey Phelps Vice President, Investor Relations Phone:
770-723-3369 Email: ir@gms.com
GMS (NYSE:GMS)
Gráfico Histórico do Ativo
De Mar 2025 até Abr 2025
GMS (NYSE:GMS)
Gráfico Histórico do Ativo
De Abr 2024 até Abr 2025