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Article Excerpt
Business Editors
BUFFALO, N.Y.--(BUSINESS WIRE)--May 1, 2003
Gibraltar Becomes North America's Largest Manufacturer of
Ventilation Products; Acquisition Increases Gibraltar's Annualized
Sales to Approximately $750 Million
Gibraltar (Nasdaq: ROCK) today announced that it has acquired Air Vent Inc., a Dallas, Texas-based subsidiary of CertainTeed Corporation.
With the acquisition of Air Vent, Gibraltar becomes the largest manufacturer of ventilation products and accessories in North America. Terms of the acquisition were not disclosed.
Air Vent, which was founded in 1976, had 2002 sales of approximately $62 million. It operates three manufacturing facilities (in Dallas, Texas; Clinton, Iowa; and Lincolnton, North Carolina) and a sales office and customer service department in Peoria,...
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