GMS Inc. announced the Company has entered into a definitive agreement with The Home Depot to be acquired by its specialty trade distribution subsidiary, SRS Distribution.
Home Depot has joined the race to acquire GMS, challenging QXO’s $5B bid and setting the stage for a potential bidding war among major building product players.
Specifications include battery-operated cordless gluing for ultimate portability, a smaller tool than the previous generation with the same great performance, rapid heat-up in less than three minutes, interchangeable nozzles (sold separately), an on/off LED light, self-standing design for user convenience and more.
The potential problem is that Home Depot is selling a non-code compliant reinforcing mesh, and like all EIFS components, this mesh must meet requirements of ASTEM E2568.