- Specialty building products distributor GMS ( NYSE: GMS ) has ventured into the New York City market with the acquisition of Tanner Bolt and Nut and the opening of a ceilings-focused greenfield location.
- Financial terms of the deal were not disclosed.
- Founded in 1979, Tanner Bolt and Nut is a based in Brooklyn-based distributor of fasteners, tools, safety and related construction products.
- The acquisition of Tanner's four metro area locations establishes GMS's inaugural positioning with Complementary Product offerings in the New York Metro area.
- GMS ( GMS ) also announced the opening of a dedicated greenfield location in New York. The facility is focused on the growth of acoustical ceilings business into the New York City metro area, expanding upon the firm's existing USG relationship in other Northeast markets.
- To date, the company has added six new greenfield locations since the start of fiscal 2023.
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GMS acquires Tanner Bolt and Nut, opens ceilings-focused greenfield site