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| USG gains West Coast presence Chicago-based USG Corp. announced two important growth initiatives to expand its presence in the Western United States. The company's United States Gypsum Company subsidiary plans to build a new Sheetrock brand gypsum panel manufacturing plant in Stockton, California. In addition, L&W Supply, the company's specialty distribution subsidiary, announced that it has entered into an agreement to acquire California Wholesale Material Supply, Inc. (CALPLY) for $280 million, including debt to be repaid at closing. The new low-cost wallboard plant will utilize state-of-the-art technology to position the company competitively to meet long-term West Coast demand for wallboard. The $220 million plant is expected to commence operations in 2010. CALPLY is a building materials distribution company with annual sales approaching $600 million, 30 operating locations in seven Western states and Mexico and almost 900 employees. The acquisition of CALPLY is expected to enhance L&W Supply's ability to serve its West Coast and Southwest customers. write your comments about the article :: © 2007 Construction News :: home page |