Market Overview

GMS Expands in Los Angeles Area with Acquisition of Charles G. Hardy, Inc.


GMS Inc. (NYSE:GMS), a leading North American distributor of gypsum
wallboard and suspended ceiling systems, today announced that it has
acquired the assets of interior building products distributor Charles G.
Hardy Inc. ("CGH") in Paramount, California.

Since its founding in 1946, CGH has been serving commercial and
residential customers in Los Angeles and the surrounding areas. CGH
offers a variety of interior building products including drywall, steel
studs, acoustical ceilings, insulation, commercial doors and hardware.

The acquisition of CGH results in GMS's first facility located in the
Los Angeles-Long Beach-Anaheim, CA metropolitan area, the second-largest
nationwide. CGH will join GMS's five existing locations in El Cajon, El
Centro, Escondido, Palm Desert and Perris, California to provide
comprehensive coverage of Southern California.

The CGH brand name, which has been in the Los Angeles market for over 70
years, will be retained at the Paramount, CA location while legacy GMS
locations in Southern California will continue to operate under the J&B
Materials brand name.

Joe Barloon, President of CGH, commented, "As it was the day we opened
in 1946, customer service has always been the cornerstone of our
business. We are thrilled to find those same values in GMS and are
excited to further improve our ability to serve our customers and grow
the business."

"We are excited to welcome the CGH team to the GMS family and expand our
footprint in Southern California," remarked Don Taylor, Vice President
of the Western Division of GMS. He added, "We are driven by success and
a commitment to provide the best possible service and products to our
customers. The wealth of experience and product expertise CGH brings to
the table is impactful and I'm enthusiastic about this strategically
significant step for GMS in Southern California."

About GMS:

Founded in 1971, GMS operates a network of more than 240 distribution
centers across the United States and Canada. GMS's extensive product
offering of wallboard, suspended ceilings systems, or ceilings, and
complementary construction products is designed to provide a
comprehensive one-stop-shop for our core customer, the interior
contractor who installs these products in commercial and residential

For more information about GMS, please visit

Forward‐Looking Statements and Information:

This press release includes "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. You can
generally identify forward-looking statements by our use of
forward-looking terminology such as "anticipate," "believe," "continue,"
"could," "estimate," "expect," "intend," "may," "might," "plan,"
"potential," "predict," "seek," or "should," or the negative thereof or
other variations thereon or comparable terminology. We have based these
forward-looking statements on our current expectations, assumptions,
estimates and projections. While we believe these expectations,
assumptions, estimates and projections are reasonable, such
forward-looking statements are only predictions and involve known and
unknown risks and uncertainties, many of which are beyond our control.
Forward-looking statements involve risks and uncertainties, including,
but not limited to, economic, competitive, governmental and
technological factors outside of our control, that may cause our
business, strategy or actual results to differ materially from the
forward-looking statements. These risks and uncertainties may include,
among other things: changes in the prices, supply, and/or demand for
products which we distribute; general economic and business conditions
in the United States; the activities of competitors; changes in
significant operating expenses; changes in the availability of capital
and interest rates; adverse weather patterns or conditions; acts of
cyber intrusion; variations in the performance of the financial markets,
including the credit markets; and other factors described in the "Risk
Factors" section in our filings with the SEC. We undertake no obligation
to update any of the forward looking statements made herein, whether as
a result of new information, future events, changes in expectation or

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