ADEX Systems Joins EIMA

Armstrong Acquires GC Products

Spackle by Dave Coverly

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GMS Acquires Tanner Bolt and Nut

GMS Inc. provided an update on the continued execution of its platform expansion strategy with its first entries in the New York City market. These include the acquisition of Tanner Bolt and Nut Inc.

“We are excited to announce our first entries in the New York City market with the acquisition of Tanner Bolt and Nut and the expansion of our relationship with USG to supply ceiling products from a new greenfield location in Brooklyn,” said John C. Turner Jr., president and CEO. “We are pleased to take this first step into such a significant market. With Tanner’s focus on tools and fasteners, these additions, along with the establishment of several new greenfield yard locations and AMES stores over the last several months, represent our continued commitment to the execution of our strategic priorities of platform expansion and Complementary Product growth.”

Founded in 1979, Tanner Bolt and Nut, based in Brooklyn, N.Y., is a distributor of fasteners, tools, safety and related construction products to the broader New York City market. The acquisition of Tanner’s four metro area locations establishes GMS’s inaugural positioning with complementary product offerings in the New York Metro area.

Building on a 40-plus year legacy in the market, President Jeffrey Tannenbaum and the Tanner team will continue to lead the business under the Tanner brand name. Tanner will partner with the legacy GMS operations of Capitol Building Supply Inc.

RIDGID Celebrates Centennial

RIDGID, a part of Emerson’s professional tools portfolio, is celebrating 100 years of designing and building tools. To commemorate the occasion, the tool manufacturer will spend the year 2023 celebrating the trades and the brand’s legacy.

“A lot has changed over the past century, but one thing that has remained constant is the dedication of the skilled trades to build a stronger tomorrow. RIDGID is honored to be by their side every step of the way,” said Heather McLin, vice president of marketing, professional tools for Emerson. “From our iconic pipe wrench that started it all to our newest tool solutions, every product we make is designed to help trade professionals get jobs done easier and more efficiently. That’s a legacy that will never change.”

MFMBP Completes Expansion Project

MFM Building Products has recently finished a substantial expansion project that began in February 2021.

The thrust of the expansion project was adding 48,000 square feet to the production area and the acquisition of new production equipment to meet the rising demand for orders. MFM has been acquiring additional raw materials to ensure product availability for their customer base, and the new facility now accommodates this additional inventory. The building, which was planned to be completed by the fall of 2021, was finished in June 2022 due to extended lead times for raw materials. The exterior portion of the facility was completed in November.

Other aspects of the expansion project included constructing new offices in the main headquarters building and the addition of a new, state-of-the-art Research & Development laboratory for increased quality control and new product development. Once the production equipment is fully operational, the company expects to hire additional full-time employees.

“We definitely had some setbacks with the current state of the supply chain, which caused some delays in the completion date,” said Tony Reis, president. “Now that we are finished, we are focused on meeting the needs of our customers and hope to be introducing several new waterproofing products to our portfolio. As an ESOP company, there is a lot of excitement among our employees as MFM continues to grow.”

Golterman & Sabo Becomes 100-percent Employee Owned

Employees at architectural products provider Golterman & Sabo received an unforgettable holiday surprise. At a recent company meeting, the entire staff learned they would become owners of the more than 75-year-old business. Current owners and brothers, Herb and Ned Golterman, announced they sold the company to a newly formed Employee Stock Ownership Plan. Employees acquired 100 percent ownership as of December 31.

The Golterman family selected an ESOP sale because it allows the ownership of the company to transition without selling to a third-party equity firm or competitor. “We wanted the company to continue to operate as it always has,” said Herb Golterman. “This way, the culture, vision, and values will not change.”

Golterman & Sabo built its success on the loyalty and talent of its employees and enjoys an unusually high level of employee retention.

“Our employees are outstanding performers,” said Ned Golterman. “Now that they are owners, the sky is the limit.”

Dennis Voss, president of Golterman & Sabo Architectural Products since 2020, will continue his key leadership role, as will other G&S executives. Both Golterman brothers will continue to work at the company.

Founded by Herbert Golterman Sr., in 1946, the company has been family-owned and operated since its creation. The original Herbert Golterman Company is now known as Golterman & Sabo Inc. The company manufactures acoustical products for global distribution, plus supplies an array of architectural products and installation services to the Midwest region.

Golterman & Sabo is the parent company of G&S Acoustics, G&S Architectural Products, FabricWall, and G&S Cinema Acoustics.

The company was advised by Owen Schmidt of Principal Financial Group and Steve James, president and CEO of SCJ Fiduciary Services.

ADEX Systems Joins EIMA

The EIFS Industry Members Association announced that ADEX Systems has joined the association as a manufacturer member.

“We are thrilled that ADEX is joining EIMA,” said Steve Smithwick, the 2022/2024 president of EIMA and president of Master Wall Inc. “ADEX Systems has been a major force in the EIFS industry for decades, and the company is a leading influence in the design and building professional community in Canada. Their participation, leadership, and perspective will help the entire EIFS industry solidify its position as the technically superior, energy-efficient, flexible and aesthetically-appealing wall system that we all know it is.”

Stephen Sears, EIMA’s executive director and CEO said, “This is great news for both EIMA and our industry. For over a year, the Board worked diligently in developing a new strategic plan and dues structure. Now that those initiatives are complete, the timing for ADEX's membership couldn't be better.”

Rafaël Bao, president and CEO of ADEX Systems is very pleased to join the association. "I have really liked what I have seen happening at EIMA recently, and we know that there can be tremendous benefit to pooling our resources for initiatives that benefit the entire industry,” said Bao. “Since EIMA covers all of North America and there is growing demand for energy-efficient building solutions, we decided that now is the right time for us to join the group.”

ADEX Systems is a Canadian manufacturer of quality architectural coatings and EIFS for over 30 years. The company's innovation and expertise within the EIFS industry—combined with its focus on customer service—have been ideally suited to address the demands of the design community and building professionals in Canada. Its offices are located in Calgary, Toronto, Ottawa, Montreal, Quebec City, Saguenay/Lac St. Jean, and the company's products are available at 55 distributorships throughout Canada.

Armstrong Acquires GC Products

Armstrong World Industries Inc. announced it has acquired GC Products. Based in Lincoln, Calif., GC Products increases AWI’s ability to serve customers in the Western U.S. with molded ceiling, specialty wall and other interior and exterior products.

“We are pleased to welcome GC Products to our growing Architectural Specialties segment,” said Mark Hershey, AWI senior vice president of Americas. “With their innovative portfolio and strong regional brand recognition, GC Products is an attractive complement to our existing Plasterform architectural castings business and increases our ability to serve the growing demand for custom-cast and other novel architectural solutions. We look forward to building on the success of GC Products by leveraging AWI’s brand, scale and market reach.”

GC Products was founded in 2003. AWI funded the acquisition with available cash.