TORONTO, May 2, 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 Jawl Lumber Corporation, which
provides service to the Vancouver Island market under the Home
Lumber and Building Supplies ("Home Lumber") brand name.
"We are excited to have Home Lumber & Building Supplies join
GMS Canada and our group of strong, in-market branded companies,"
said Paul Green, President of GMS
Canada. "The Jawl Family has built a business that is aligned
with our values, and a team that has served the building industry
on Vancouver Island for decades. The legacy of high-integrity
service they have provided will be carried on as we support the
Home Lumber team. The future for Home Lumber is exciting as we
begin this next chapter 'Powered by GMS'."
"Since our founding in 1960, we have been proud to serve
customers in Greater Victoria and
across Vancouver Island with integrity. We sincerely thank our
valued customers, suppliers and employees for their support and
loyalty over the years," said Karnel Jawl, President of Home
Lumber. "We are excited for the Home Lumber team to join forces
with GMS, a family of companies that shares our values and will
help take Home Lumber to its next phase of growth."
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, engineered wood, doors and framing packages,
siding and other related 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.
SOURCE GMS