Gypsum industry news
US: Continental Building Products' net sales have rise by 21% year-on-year to US$111m in the first quarter for 2016 from US$92m in the same period in 2015. Its wallboard sales volumes have grown by 32% to 57Mm2 from 44Mm2.
"Our wallboard volumes in the first quarter increased substantially from prior year due to strong underlying demand, favourable weather speeding up completion of projects, and pre-buy activity in advance of the April 1 price increase," said Jay Bachmann, Continental's chief executive officer.
US: Gypsum Management and Supply (GMS) has acquired Wall & Ceiling Supply Company, a Seattle-based distributor of wallboard and construction products for residential and commercial applications. The company will continue to operate under the name Wall & Ceiling and the management team will remain intact.