GMS Supplements Announces The Acquisition Of Howard & Sons Building Materials; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
GMS Inc. (NYSE:GMS), a leading distributor of specialty building products in North America, has expanded its strategic growth by acquiring Howard & Sons Building Materials, a distributor based in Southern California. This acquisition, completed on May 1, 2024, includes a portfolio of Wallboard, Steel Framing, and Complementary Products. Howard & Sons, known for its strong manufacturer partnerships, will now operate under the GMS brand, J&B Materials.
May 01, 2024 | 9:54 pm
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GMS Inc. has acquired Howard & Sons Building Materials, strengthening its market presence in Southern California and expanding its product offerings.
The acquisition of Howard & Sons by GMS Inc. is likely to have a positive short-term impact on GMS's stock price due to the expansion of its product line and strengthening of its market presence in a key geographic area. The lack of financial terms disclosed makes the immediate financial impact unclear, but the strategic growth and expansion into Southern California, a significant market, are positive indicators for GMS's future performance.
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