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Building products maker Gibraltar Industries is prepared to weather the continued depressed conditions in its key markets after sharply cutting its fixed costs, but is also well-positioned to jump on new opportunities when traditional sales recover, its CEO said Thursday. The company took a range of painful actions in the last two years to restructure and consolidate operations for lean manufacturing while building its customer base and marketing.
A whole lot of buying and selling has been going on at Gibraltar Industries. The Hamburg-based building products manufacturer has sold its business that makes structural connectors for buildings, while agreeing to buy a company that makes expansion joints, structural bearings and pavement sealants for bridges, highways and airports.
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