Nov 17 (Reuters) -

Building products maker Gibraltar Industries ( ROCK ) said

on Monday it would acquire peer OmniMax International from funds

managed by investment firm Strategic Value Partners for $1.34

billion in cash.

The deal comes as the U.S. building products industry seeks

to scale up and localize supply chains to offset tariffs, with

new housing, repair and renovation as well as non-residential

construction boosting demand.

Gibraltar, whose shares fell 3.5% before the bell,

expects its residential business to generate over 80% of the

company's revenue and adjusted EBITDA after the deal is

completed.

The acquisition of OmniMax, which makes roofing

accessories and rainware solutions for residential construction,

is expected to close in the first half of 2026.

Perella Weinberg and BofA Securities are serving as

Gibraltar's financial advisors and Rothschild & Co is serving as

OmniMax's financial advisor.