Gibraltar acquires Quality Aluminum Products in $54M cash deal

Aug. 23, 2022 7:39 AM ETGibraltar Industries, Inc. (ROCK)By: Preeti Singh, SA News Editor
  • Gibraltar Industries (NASDAQ:ROCK) has acquired residential building products maker Quality Aluminum Products for $54M in cash.
  • The transaction is expected to be immediately accretive to earnings.
  • QAP manufactures aluminum and steel products including soffit, fascia, trim coil, rain carrying products and aluminum siding, serving wholesale markets in the Midwest, Northeast and South. The business generated revenue of $93M and adj. EBITDA of $11.5M for the trailing twelve months ended July 31, 2022.
  • "The acquisition of QAP expands our residential product offering and builds our presence in additional regional markets supporting both retail and wholesale customers," Gibraltar Chairman and CEO Bill Bosway said on the acquisition.

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