Gms expands presence in south texas with acquisition of the acoustical
and drywall supply operations of j.p. hart lumber company
Tucker, ga.--(business wire)--gms inc. (nyse:gms), a leading north american specialty distributor of interior building products, today announced that it has acquired the acoustical and drywall operations of j.p. hart lumber company (“hart acoustical & drywall supply” or “hads”) in san antonio, tx. hart acoustical & drywall supply distributes drywall, metal studs, insulation and ceiling tiles through two locations in san antonio, tx and one location in la feria, tx. hads will become part of gms subsidiary, lone star materials, inc. (“lone star”). the acquisition of hads will enhance lone star’s existing south texas distribution network, which includes legacy locations in san antonio, tx, austin, tx and laredo, tx. post-closing, the hads operations will transition to the lone star brand. greg wright, ceo of j.p. hart lumber company, commented, “we are very pleased that gms, who shares our dedication to its people and customers, is the new home for our acoustical and drywall distribution business.” “we are excited to welcome the hads team to the gms family and bolster an already strong presence in south texas,” said brad nannen, vice president of the southern division of gms. he added, “we look forward to leveraging the operations of the combined platform to provide the best products and service to our customers.” about gms: founded in 1971, gms operates a network of more than 245 distribution centers across the united states and canada. gms’s extensive product offering of wallboard, suspended ceilings systems, or ceilings, and complementary 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 those 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.
