Under the leadership of Chairman and CEO Brian J. Lipke, and President and Chief Operating Officer Henning Kornbrekke, Gibraltar is implementing an aggressive strategic plan to continue to diversify its product offering, customer mix, and geographic coverage, while at the same time driving toward new levels of operational excellence.

From its inception in 1972, Gibraltar's sales growth averaged approximately 15 percent per year until 1993, and 18 percent per year since its Initial Public Offering in 1993.

Corporate Mission Statement
Gibraltar's primary mission is to place the highest possible emphasis on quality, excellence, and continuous improvement, in a dedicated effort to exceed customer expectations and to maximize the total return to shareholders over the long term.

Operational Focus
Gibraltar is a people-oriented, technology-driven, state-of-the-art manufacturer, processor, and distributor of "value-added" metals and metal-related products and services.

Commitment to Growth
Gibraltar will aggressively pursue continued corporate growth and development through acquisitions, mergers, joint ventures, new facilities, and systematic investments in existing operations. The company will use its financial strength and capabilities to actively seek growth opportunities that increase its business, customer, and geographic diversification.

The Best is Yet to Come
While we have established an excellent record of performance and success, we truly believe our best is yet to come. But we recognize that we will only achieve our best in an environment of trust, mutual respect, and open communications.

Gibraltar History

1972
Dr. Ken Lipke acquired Gibraltar Steel Corporation, a single-facility, steel processing business in Buffalo, New York, with $9 million in annual sales.

1975
Acquired Seneca Steel (Buffalo); Beals, McCarthy & Rogers (Buffalo); and Follansbee Metals (Rochester), which had combined annual sales of $24 million.

Opened the Gibraltar Institute, a management training and development facility created to bring all divisions together to improve leadership skills.

1977
Sales exceed $50 million.

1982
Brian J. Lipke named Corporate President.

1984
Sales exceed $100 million.

1987
Brian J. Lipke named Chief Executive Officer.
Acquired cold-rolling business in Cleveland, which had $12 million in annual sales.

1988
Earned Chrysler Pentastar Award.

1989
Honored as one of Armco Steel's five outstanding suppliers.

Began pickling joint venture in Ohio with Samuel Steel, opening a line capable of pickling approximately 360,000 tons a year.

1990
Opened first materials management location, Integrated Terminals, a 54,000-square-foot facility in Buffalo.

1991
Installed enhanced 72-inch Pro-Eco slitter at Cleveland facility which tripled capacity and significantly lowered costs.

1992
Upgraded cold-rolling mill (Buffalo, New York).

Dr. Ken Lipke passed away.

Brian J. Lipke named Chairman of the Board.

Received Ford's Q1 Award, which recognizes standards of excellence in quality, service, value, efficiency, and reliability.

1993
On November 4, 1993, Gibraltar sold 2,500,000 shares of common stock at $11 per share, and its stock began to trade on The Nasdaq Stock Market® under the trading symbol "ROCK." Installed two Ebner annealing furnaces and four bases at the Cleveland facility, increasing capacity by 25 percent and significantly improving quality.

Ongoing GM Targets for Excellence recognition.

Received Supplier Certification Award from Monroe Automotive as a result of excellent quality history and outstanding product quality.

1994
Opened new 65,000 square-foot cold-rolled processing facility in Chattanooga, Tennessee, expanding the company's geographic reach into the fast-growing Southeast.

Sales pass the $200 million mark.

1995
Added a second pickling line at joint venture in Ohio, doubling annual capacity to more than 800,000 tons.

Installed a 15-strand oscillating slitter in Buffalo, increasing annual sales capacity by $25 million.

Acquired Hubbell Steel, headquartered in Chicago, Illinois. Hubbell supplies galvanized, Galvalume, and prepainted products to the commercial and residential metal building industry.

Opened second Integrated Terminals materials management facility, a 100,000-square-foot greenfield site in Woodhaven, Michigan, near Detroit. This facility provides a climate-controlled environment and utilizes the most advanced material handling technology including a specialized crane and racking system.

1996
Built a 45,000-square-foot addition and added slitter in Buffalo facility increasing capacity by 25 percent.

Acquired Carolina Commercial Heat Treating (CCHT), enabling Gibraltar to enter the high-growth, high-margin heat-treat business as a market leader. CCHT is one of the country's largest independent heat-treat companies and the largest in the Southeast.

Earned Emerson Electric's Distinguished Supplier of the Year Award, one of 14 companies honored from thousands of suppliers worldwide.

Completed secondary public offering of approximately two million shares in June 1996 that raised approximately $34 million.

Received Trico Products Supplier of the Year Award.

Sales pass the $300 million mark.

1997
Acquired Southeastern Metals Manufacturing Company, Inc. (SEMCO), one of the largest manufacturers of metal building products in the southeastern United States.

Two Ebner annealing furnaces and four bases added to the Cleveland location, doubling its annealing capacity since 1992.

Began operation of the nation's widest cold-rolled strip mill, located at its Cleveland facility. The 56-inch mill, the low-cost producer of strip and one-pass products in North America, expanded Gibraltar's annual sales capacity by $80-85 million.

Acquired fifth heat-treating facility, a 20,000-square-foot operation in Athens, Alabama, that has been furnishing heat-treating services since 1989.

First $100 million sales quarter.

Fortune magazine names Gibraltar one of the "100 Fastest Growing Companies in America."

Gibraltar became the first strapping manufacturer to earn QS 9000 certification.

Sales pass the $400 million mark.

1998
For the second time in three years, Gibraltar won Emerson Electric's Distinguished Supplier Award, as one of its top 13 suppliers from thousands worldwide. Gibraltar is among only a handful of companies to receive this honor more than once.

Acquired the Solar Group, the nation's leading manufacturer of mailboxes, which are made in a variety of sizes, colors, and materials including galvanized steel. 

Acquired Appleton Supply Company, a manufacturer of ventilation products and accessories, including roof edging, flashing, and other roofing products; drywall corner bead, wind brace, and starter strip; aluminum soffit systems and gutter lines; and painted coil stock. With more than half its sales in Wisconsin, Minnesota, Illinois, and Iowa, Appleton significantly strengthened Gibraltar's building and construction products business in the Midwest.Acquired United Steel Products Company, the nation's second-largest manufacturer of steel structural connectors. The company produces nearly 3,000 finished parts that are sold to the residential and commercial building industries.

Acquired Harbor Metal Treating Company, one of the leading commercial heat treaters in the Midwest. Harbor Metal serves more than 1,000 customers in a wide range of industries, including tool and die manufacturing, fasteners, medical equipment, and aerospace. The company provides heat-treating and related metal processing services for a variety of materials.

1999
Gibraltar declared a special cash dividend of $ .05 per share. In recognition of its solid financial position and its positive outlook for the future, Gibraltar's Board of Directors also approved the initiation of an annual dividend of $.10 per share, payable at a quarterly rate of $.025 per share, and will review the payment quarterly.

Acquired a heat-treating facility in Asheville, North Carolina, that will operate as a division of CCHT. The equipment at this facility includes two salt-to-salt furnace lines capable of running parts up to 48 inches long.

Walter T. Erazmus named President; John E. Flint named Chief Financial Officer.

Acquired Weather Guard Building Products, a Denver, Colorado-based manufacturer and distributor of a full line of metal building products for industrial, commercial, and residential applications. The company's product line includes rain-carrying systems (gutters and gutter accessories), metal roofing and roofing accessories, and assorted other products (such as soffit and fascia). Weather Guard's products are manufactured in a variety of materials including galvanized steel, painted steel, copper, and aluminum. It also distributes seamless gutter and roof panel machines produced by a number of manufacturers.

Acquired Hi-Temp Incorporated, a Northlake, Illinois-based, privately held commercial heat-treating company. Hi-Temp operates four facilities, totaling approximately 239,000 square feet, in Northlake, Illinois (three plants) and Greensburg, Indiana. The company—which provides heat treating, brazing, plating, and related metal-processing services to customers in a wide range of industries, including automotive, homebuilding and construction, appliance, and farm equipment—is one of the leading commercial heat treaters in the Midwest. All four of its facilities are registered to QS 9000 and ISO 9002 standards.

Acquired Brazing Concepts Company, a Coldwater, Michigan-based commercial heat-treating company. Founded in 1985, Brazing Concepts provides a wide variety of metal joining and assembly services, primarily for companies in the automotive manufacturing industry. Acquired Hughes Manufacturing, Inc., a Largo, Florida-based manufacturer of highly engineered steel lumber connectors, from MiTek Industries Inc. Hughes, founded in 1962, manufactures a broad line of fully engineered, code-approved steel lumber connectors at its 120,000-square-foot facility in Largo, Florida (just south of Clearwater). 

Generated $622 million in net sales and net income of $25 million ... the eighth-straight year of sales and earnings growth!

2000
Sold operations in Chattanooga, Tennessee, to Metals USA.

Increased its annual dividend by 20 percent.

Acquired Milcor, a Holland, Ohio-based manufacturer of a complete line of metal building products including registers, vents, bath cabinets, access doors, roof hatches, and telescoping doors. Milcor's products are sold into residential, commercial, institutional, and industrial markets to more than 1,000 customers.

2001
Acquired Pennsylvania Industrial Heat Treaters, a Saint Marys, Pennsylvania-based commercial heat-treating company that specializes in heat treating powdered metal parts. The company was formed in 1987 and operates a 50,000-square-foot facility in northwestern Pennsylvania. It serves customers in the lawn and garden, appliance, hand tool, business machine, and automotive industries, among others.

2002
Acquired B&W Heat Treating, the largest independent commercial heat treater in Canada, located in Kitchener, Ontario. The company was formed in 1945 and serves customers in the automotive, heavy equipment, electrical appliance, agricultural, mining, and defense industries, among others.

Completed a secondary public offering of 3,150,000 shares in March that raised approximately $51 million.

2003
Acquired Construction Metals, Inc., an Ontario California-based manufacturer of a wide array of building products that are sold to both retail and wholesale customers. The company was formed in 1991 and operates 10 facilities across the western United States. Its key products include flashing and trim, ventilation products and accessories, access doors, wire mesh/galvanized hardware cloth, and corner bead.

Acquired Air Vent, Inc., a Dallas, Texas-based subsidiary of CertainTeed Corporation. The company was founded in 1976 and it distributes a complete line of ventilation products and accessories. It is the building industry's leader in ridge ventilation products, and a leading manufacturer of powered ventilation systems and foundation ventilation systems.

Completed a secondary public offering of 4,130,000 shares that raised approximately $75 million.

2004
Acquired Portals Plus Incorporated, a Chicago-based manufacturer of a diverse line of roofing products, including pipe flashing, roof curbs, drains, and pre-molded corners for the building industry. It operates as part of Gibraltar's subsidiary Milcor Inc., which has a complementary product line and a common customer base.

Acquired Renown Specialties Company Ltd., a designer, manufacturer, and distributor of structural connectors. The company was formed in 1978, employs approximately 35 people, and has a 60,000 square-foot facility in Thornhill, Ontario, Canada.

Acquired SCM Metal Products, a manufacturer, marketer, and distributor of non-ferrous metal powder products to hundreds of customers in a number of different industries, including automotive, aerospace, electronics, and consumer products, among others. The company was formed more than 70 years ago, has one facility in Triangle Research Park, Raleigh, NC, and employs approximately 85 people.

Henning Kornbrekke, the Company’s President, was promoted and named President and Chief Operating Officer. Kornbrekke became Gibraltar’s President on January 1, 2004, and before that had been President of Gibraltar’s Building Products Group since joining the Company in January 2002.

Named David W. Kay Executive Vice President, Chief Financial Officer, and Treasurer. Kay had been a Director, Vice President, Treasurer, and Chief Financial Officer for Tecumseh Products Company, a $1.8-billion global manufacturer of hermetic compressors, small gasoline engines, general purpose pumps, and electric motors.

Changed name from Gibraltar Steel to Gibraltar Industries to reflect changes in business mix and performance characteristics.

Authorized a 3-for-2 stock split in the form of a 50 percent stock dividend. The Company also retained its current per-share dividend rate, which is currently $.20 annually and is paid quarterly at $.05 per share.

Reported record sales and net income for 2004. Sales were $1 billion, an increase of 34 percent compared to $758 million in 2003, and net income grew by 88 percent to $50.8 million.

2005
Announced new $250-million credit facility, with a $50-million expansion feature, that replaces the Company’s existing credit facility. The banking syndication with nine banks was led by KeyBank. The Company plans to use its credit facility for working capital and general corporate purposes, internal growth initiatives, and the funding of acquisitions.

Divested Milcor to Hart & Cooley. This is consistent with Gibraltar's objective of focusing on those areas and businesses which provide a strategic advantage and leverage with the Company's other businesses, and where Gibraltar has or can establish a position of market leadership.

Recorded the first $100 million sales month in company history in March 2005.

Acquired Gutter Helmet, a manufacturer of gutter protection systems, from Hart & Cooley. This is consistent with Gibraltar's objective of focusing on those areas and businesses which provide a strategic advantage and leverage with the Company's other businesses, and where Gibraltar has or can establish a position of market leadership.

Purchased SCM-China, a manufacturing facility in Suzhou, China, that produces copper and copper alloy-based powder metal products.

Acquired Alabama Metal Industries Corporation (AMICO), a leading manufacturer of metal bar grating, expanded metal, and metal lath. It also has leading positions in the production of perforated metal, fiberglass grating, safety/plank grating, and vinyl bead accessories.

Named David A. McCartney, Vice President of Information Systems. Prior to joining Gibraltar, McCartney served as a consultant to a $300 million consumer goods company where he planned and managed supply chain execution and operational improvements.

Named Timothy J. Heasley, Senior Vice President and Corporate Controller. Prior to joining Gibraltar, Heasley served as Chief Financial Officer for MRC Industrial Group, Inc.

Acquired American Wilcon Plastics, Inc. a privately owned manufacturer of custom plastic-injection molded products.

2006
Named Joseph D. Smith President, Alabama Metal Industries Corporation (AMICO). Prior to joining Gibraltar, Smith served as Vice President and General Manager for AB Chance, a subsidiary of Hubbell Incorporated.

Acquired Home Impressions Inc., a privately held supplier of mailboxes and postal accessories. This acquisition strengthens Gibraltar's market share. 

• Divested Strapping Operations to an unrelated third party.
• Divested assets of Thermal Processing segment to GSO Capitol Partners.

This is consistent with Gibraltar's objective of focusing on those areas and businesses which provide a strategic advantage and leverage with the Company's other businesses, and where Gibraltar has or can establish a position of market leadership.

Acquired certain assets from Steel City to compliment Gibraltar's mailbox / storage system leadership positions. 

2007
Acquired The Expanded Metal Company LTD (EMC), a manufacturer of large, small, and micromesh expanded metal products for the filtration, architectural, security fencing, electro-chemical, agricultural, leisure, building products, and automotive markets.

Named Andy Blanchard President, Processed Metals Group. Prior to joining Gibraltar, Blanchard served as President and CEO of EASB Welding and Cutting Products, a North American industrial products company with more than $400 million in annual sales, nearly 2,000 employees, and five manufacturing facilities and five distribution centers.

Acquired Dramex Corporation, a Montreal, QC-based privately held manufacturer of expanded metal products. With facilities in Canada, the US, the UK, and a joint venture in Mexico, Dramex manufactures standard and flattened expanded metal, structural grating, micro-mesh, and decorative metal patterns with annual sales of approximately $25 million. The acquisition further strengthens Gibraltar’s global leadership position in the growing expanded metal market.

Acquired the assets of NorWesCo, Noll Manufacturing, and M&N Plastics. The companies manufacture more than 4,000 products for the building, HVAC, and lawn and garden markets in facilities in Fife, WA, Portland, OR, and Stockton, CA, and had annual sales of approximately $60 million in their last fiscal year. This acquisition will enhance Gibraltar’s presence in the high-growth areas targeted for expansion in Northern California, Pacific Northwest, and Rocky Mountain markets. 

Acquired Florence Corporation, a leading manufacturer of engineered storage solutions, including centralized mail, and package delivery products.  The Manhattan, KS-based company designs and manufactures a complete line of products and systems for storage and distribution, including specialty products for commercial customers, such as distributors, catalog houses, national retail chains, and wholesalers. It had 2006 sales of approximately $80 million.

Sold the assets and ceased the operations of the Hubbell Steel facilities in Franklin Park, IL and Fairfield, AL. This is consistent with Gibraltar's objective of focusing on those areas and businesses which provide a strategic advantage and leverage with the Company's other businesses, and where Gibraltar has or can establish a position of market leadership.

2008
Divested SCM Metal Products to an affiliate of Platinum Equity.  This is consistent with Gibraltar's objective of focusing on those areas and businesses which provide a strategic advantage and leverage with the Company's other businesses, and where Gibraltar has or can establish a position of market leadership.