UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 6, 2017 (February 6, 2017)
GIBRALTAR INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 0-22462 | 16-1445150 | ||
(State or other jurisdiction of incorporation ) | (Commission File Number) | (IRS Employer Identification No.) | ||
3556 Lake Shore Road
P.O. Box 2028
Buffalo, New York 14219-0228
(Address of principal executive offices) (Zip Code)
(716) 826-6500
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 8.01 Other Events | 3 | |||||
Item 9.01 Financial Statements and Exhibits | 3 | |||||
SIGNATURE | 4 | |||||
EX - 99.1 | ||||||
Item 8.01 Other Events
The following information is furnished pursuant to Item 8.01:
On February 6, 2017, the Company announced the sale of substantially all of its US bar grating product line assets to Fisher & Ludlow, a subsidiary of Nucor Corpoation. The Company had previously announced, on December 2, 2016, its intentions to exit its US bar grating product line as part of its portfolio management and 80/20 strategic initiatives.
Item 9.01 Financial Statements and Exhibits
(a)-(c) Not Applicable
(d) Exhibits:
Exhibit No. | Description | |
99.1 | News Release issued by Gibraltar Industries, Inc. on February 6, 2017 | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GIBRALTAR INDUSTRIES, INC. | |||
Date: February 6, 2017 | |||
By: | /s/ Timothy F. Murphy | ||
Timothy F. Murphy | |||
Vice President, Treasurer and Secretary | |||
Gibraltar Industries Sells US Bar Grating Assets
as Part of Previously Announced US Bar Grating Exit
AMICO remains committed to the expanded metal, plank grating, lath, trim, and perimeter security markets
Buffalo, NY, February 6, 2017 - Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and distributor of building products, announced today the sale of substantially all of its US bar grating assets by its AMICO US subsidiary to Fisher & Ludlow, a subsidiary of Nucor Corporation. Gibraltar continues to manufacture and distribute expanded metal, plank grating, lath, trim, and perimeter security solutions to its customers in North America. Terms of the transaction were favorable to both parties.
Gibraltar had previously announced, in a press release issued December 2, 2016, the exit of its US bar grating product line as part of its portfolio management and 80/20 strategic initiatives, resulting in the closure of five facilities.
“The sale resulted in the continued employment of a substantial number of our highly skilled employees and was more beneficial than originally expected,” said Gibraltar Chief Executive Officer Frank Heard. “We are very pleased with the outcome and remain committed to providing our customers with best-in-class service as we advance our strategy to focus our resources on the highest-return markets, platforms and businesses.”
AMICO US operates distribution centers in Bourbonnais, Illinois; Lakeland, Florida; Fontana, California and Houston, Texas, as well as manufacturing facilities in Birmingham, Alabama and Lafayette, Louisiana. Through its AMICO US subsidiary, Gibraltar will continue to manufacture and supply expanded metal, plank grating, building products, fiberglass and security products throughout North America.
Safe Harbor Statement
Information contained in this news release, other than historical information, contains forward-looking statements and is subject to a number of risk factors, uncertainties, and assumptions. Risk factors that could affect these statements include, but are not limited to, the following: the availability of raw materials and the effects of changing raw material prices on the Company’s results of operations; energy prices and usage; changing demand for the Company’s products and services; changes in the liquidity of the capital and credit markets; risks associated with the integration and performance of acquisitions; and changes in interest and tax rates. In addition, such forward-looking statements could also be affected by general industry and market conditions, as well as general economic and political conditions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law or regulation.
About Gibraltar
Gibraltar Industries is a leading manufacturer and distributor of building products for industrial, infrastructure, residential housing, and renewable energy markets. With a four-pillar strategy focused on operational improvement, product innovation, acquisitions and portfolio management, Gibraltar’s mission is to drive best-in-class performance. Gibraltar serves customers primarily throughout North America, and to a lesser extent Asia. Comprehensive information about Gibraltar can be found on its website at http://www.gibraltar1.com.
Contact:
Kenneth Smith
Chief Financial Officer
716.826.6500 ext. 3217
kwsmith@gibraltar1.com
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