NCI Building Systems Completes Purchase of Garco Building Systems, Inc.
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HOUSTON, Jan. 31 / -- NCI Building Systems, Inc. (NYSE:NCS) today announced the completion of the previously announced purchase of substantially all the operating assets of Garco Building Systems, Inc. ("Garco"), headquartered in Spokane, Washington. Garco primarily manufactures and markets general purpose, engineered steel buildings in the northwestern United States and western Canada. The purchase price for Garco totaled approximately $16.5 million.
Norm Chambers, President and Chief Executive Officer of NCI, commented, "We are pleased to complete this purchase, which we expect will be accretive to our financial results for fiscal 2007. With access to NCI's comprehensive product lines, as well as its financial and other resources, Garco will be better positioned to leverage its successful brand to drive additional sales growth in the northwestern United States and western Canada, markets that are highly complementary to our existing manufacturing and distribution networks."
NCI Building Systems, Inc. is one of North America's largest integrated manufacturers of metal products for the nonresidential building industry. The Company operates 45 manufacturing and distribution facilities located in 18 states, as well as Mexico and Canada.
Source: NCI Building Systems, Inc.
CONTACT: Norman C. Chambers, President and Chief Executive Officer of NCI Building Systems, Inc., +1-281-897-7788
