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GMS Acquires Hathaway Building Materials; Expands Presence in California

FOR IMMEDIATE RELEASE

Tucker, GA - Gypsum Management and Supply, Inc. ("GMS"), a leading North American distributor of wallboard, suspended ceiling systems and other specialty building products, announced today it has expanded its presence in Southern California with the acquisition of Hathaway & Sons, now operating as Hathaway Building Materials (“Hathaway”), a distributor of drywall and other specialty building products.

Hathaway has served the Southern California residential and commercial construction market with quality service and products for over 71 years. The company carries a full line of drywall, steel framing, lath, and plaster along with an extensive line of real and simulated stone, block and mortar. In addition, the long-standing company provides on-time delivery and a contractor referral service.

Mike Callahan, President and CEO of GMS, stated, “The acquisition of this well-respected company is a logical extension of the GMS network. We plan to further enhance Hathaway’s unique industry position established through sustained dedication to hard work, integrity and quality service. We believe that the company and its employees are a natural partner for our growing company as their culture and dedication to excellence mirrors our own mission within the industry.”

“Our addition to GMS’ leading national platform marks a significant step forward for our business,” said Allen Hathaway, who will be continuing with the company as branch manager. “We are especially excited to continue growing and strengthening Hathaway, a family company founded in 1944.”

Wendy Hathaway, who will also stay onboard and lead administrative, added, “We are excited for the opportunity to combine our local efforts with that of GMS’ national strengths to further enhance our customer’s experience.”

Don Taylor, GMS VP of Operations for the Western Region, stated, “After first acquiring California based J&B Materials in March 2015, we are now pleased to also welcome Hathaway to the GMS portfolio. The acquisition continues to build the GMS footprint in California and strengthen our overall presence on the West Coast.”

About GMS:

GMS is a leading North American distributor of gypsum wallboard, suspended ceiling systems and other specialty building materials in the United States. Founded in 1971, GMS now operates a network of more than 160 distribution centers nationwide.

For more information about GMS please visit www.gms.com or email marketing@gms.com.

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