The Home Depot put out a release a few hours ago that its SRS Distribution subsidiary had agreed to buy GMS Inc., of Tucker, Ga., one of the largest GSD distributors in North America. Indeed, in this country, GMS is a big player with a Canadian division based in Vaughan, Ont.
GMS Canada includes some of the biggest GSD names in Canada. The company has on its roster, for example, Slegg Building Materials (Vancouver Island),
Shoemaker Drywall Supplies (Calgary), Watson Building Supplies (Vaughan, Ont.), and Yvon Building Supplies (Burlington, Ont.). The latter company was acquired by GMS last July for C$195.5 million.
We will have a full report on Home Depot’s offer to buy GMS in next Monday’s Hardlines Weekly Report.
