TORONTO, April 4,
2023 /CNW/ - GMS Inc. (NYSE: GMS), a leading
North American specialty building products distributor and parent
company to Canada GMS, Inc. ("GMS Canada"), today announced that it
has completed the acquisition of Blair Building Materials, Inc.
("Blair"), enhancing market density and expanding the Company's
product offerings in Ontario,
Canada.
"We are excited to have Blair Building Materials join GMS Canada
and our group of strong, in-market branded companies," said
Paul Green, President of GMS Canada.
"Blair's team has served the building industry for decades and
offers a collection of complementary categories to the Watson
Building Supplies' offering. The future for Blair is exciting as we
begin this next chapter 'Powered by GMS'."
Martin Lieberman, CEO of Blair
Building Materials, added, "After 53 years in the business I find
it time to retire and in so doing am confident in the future of
Blair, and am leaving it in good hands. The Blair team looks
forward to joining the GMS family of companies. They not only share
our values and commitment to customers but bring a tremendous
growth opportunity going forward."
Blair Building Materials, Inc.; Acquired April 3, 2023
Founded in 1950, Blair Building Materials, Inc. provides
exteriors, insulation and waterproofing products to customers in
the Greater Toronto Area. Operating from a single location in
Maple, Ontario, the addition of
Blair to the GMS Canada portfolio represents a strategic
opportunity to expand access to exterior product lines such as
brick, stone and masonry.
President of the Blair team, Dante
DiGiovanni, will continue with the business going forward,
operating under the Blair brand name but integrating closely with
GMS' Watson brand in 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.
SOURCE GMS Canada