| Proposed Ticker: | GSRI | One Riverway, Suite 2450 | |
| Exchange: | NASDAQ-National Market | Houston, Texas 77056 | |
| Industry: | Manufacturing | (713) 622-4092 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 12/26/96 | |
| U.S. Shares Filed: | 3,300,000 | Filing Range: | $9.00 - $11.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $33,000,000 | |
| Primary Shares: | 3,300,000 | Expenses: | $900,000 | |
| Secondary Shares: | 0 | Shs Out After: | 8,310,000 | |
| Manager | Tier | Phone |
| Bluestone Capital Partners, L.P. | Lead Manager |
| Auditor: KPMG Peat Marwick | |||||
| 9 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/96 | |||
| Revenue: | $295.22 | $215.34 | Assets: | $206.83 | |
| Net Income: | $0.06 | -$1.15 | Liabilities: | $148.43 | |
| EPS: | $0.01 | -$0.14 | Equity: | $58.40 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, manufactures and markets a full line of asphalt-based roofing products. These includes premium laminated shingles, strip shingles and roll roofing products, including built-up roofing and premium modified bitumen products, for use in commercial roofing applications. The company believes it is the nation's third largest producer of asphalt-based residential roofing products. In 1995, the company had combined gross sales of $323.0 million, approximately 72% of which were sales of commercial of residential roofing products, approximately 22% of which were sales of commercial roofing products and approximately 6% of which involved other roofing related materials. The company employs a vertically integrated manufacturing process in which approximately 46% of the granules, 99% of the fiberglass mat and 100% of the dry felt it uses to manufacture its products are produced by the company. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the cash portion of the purchase price for the Predecessor Companies; to repay indebtedness of the Founding Companies; for working capital and general corporate purposes or used for expansion and upgrading of existing facilities. |
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