Picture of Gibraltar Industries logo

ROCK Gibraltar Industries News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer CyclicalsBalancedMid CapContrarian

Gibraltar to buy OmniMax International for $1.34 billion (updated)

Adds details on transaction in paragraphs 2-5

Nov 17 (Reuters) - Building products maker Gibraltar Industries ROCK.O said on Monday it would acquire peer OmniMax International from funds managed by investment firm Strategic Value Partners for $1.34 billion in cash.

The deal comes as the U.S. building products industry seeks to scale up and localize supply chains to offset tariffs, with new housing, repair and renovation as well as non-residential construction boosting demand.

Gibraltar, whose shares fell 3.5% before the bell, expects its residential business to generate over 80% of the company’s revenue and adjusted EBITDA after the deal is completed.

The acquisition of OmniMax, which makes roofing accessories and rainware solutions for residential construction, is expected to close in the first half of 2026.

Perella Weinberg and BofA Securities are serving as Gibraltar's financial advisors and Rothschild & Co is serving as OmniMax's financial advisor.

 (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Shilpi Majumdar and Shreya Biswas)

 ((Aatreyee.Dasgupta@thomsonreuters.com;))

Recent news on Gibraltar Industries

See all news