“AMES has a highly-respected brands and an entrepreneurial culture with an attractive growth plan, which all align well with our strategic priorities in the growing ATF tools market.” “We are pleased to welcome the AMES team to GMS and provide a full suite of offerings for interior contractors and drywall finishers,” John Turner, president and CEO of GMS, said in a news release. The deal is expected to close in GMS’s fiscal third quarter of 2022 with a purchase price of $212.5 million in cash. AMES is a provider of automatic taping and finishing (ATF) tools and related products to the professional drywall finishing industry. Gypsum Management & Supply (GMS), a specialty distributor of interior building products, entered a definitive agreement to acquire AMES Taping Tools Holdings.
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