Gypsum industry news

US: GMS has completed its acquisition of interior building products distributor Westside Building Material. The group says that it funded the US$135m deal with cash-on-hand and available borrowings on its revolving credit facility.

President and chief executive officer John Turner said, “Building on the momentum of our very solid fourth quarter 2021 earnings report, we are pleased to announce the successful completion of this transaction and welcome the Westside team to GMS. Westside significantly increases our reach in several major California markets and represents our first foray into the Las Vegas market. Expanding our geographic platform through accretive acquisitions such as this one continues to be a vital component of our strategic growth priorities.”

US: GMS has agreed to acquire gypsum wallboard retailer Westside Building Material for US$135m. The trader operates nine sites across California and Nevada. The producer says that the company’s current management will continue to lead the business.

President and chief executive officer John Turner said, “The acquisition of Westside reflects the continued execution of our growth strategy and brings together two leading organisations with shared cultures and entrepreneurial values. Westside’s differentiated platform provides a unique opportunity for GMS to expand our reach and capture significant growth opportunities in strategically important West Coast markets.” He added “We believe that through this combination we will create new opportunities to deliver world-class service to our customers and value to our stakeholders for years to come.”