• Ames Taping Tools Completes Its Reorganization

    Good News In These Grim Times:

    ATLANTA, March 26 /PRNewswire/ -- Ames Taping Tools, the world's leader in the design, manufacture and distribution of automatic taping and finishing tools, announced it has completed its financial restructuring and successfully emerged from Chapter 11.

    "Our company faced unprecedented challenges with the residential and commercial construction decline since 2006," says Peter Alexander of Ames. "The financial restructuring allowed Ames to emerge with a stronger balance sheet, enhanced liquidity, and a streamlined cost structure. The New Ames will continue its heritage of product innovation and close customer relationships, while working to create new product lines and cost effective solutions for the drywall industry."
    Ames also announced a new Board of Directors drawing upon a wide range of skills and background: William T. Allen, Chairman, CEO and President of Werner Company, David Gilchrist, President and CEO of Robert Family Holdings, Steven Kunkel, Managing Director of AEG Partners, Christopher S. Brothers, Managing Director of Saybrook Capital, Philip Raygorodetsky, Senior Managing Partner of GSC Group, Mark C. Hardy, Partner of Aurora Capital Group, and Peter Alexander, Turnaround Consultant and former CEO of ORCO Construction Supply.

    About Ames

    Ames, owned by Axia Acquisition Corp., is the #1 designer, manufacturer, marketer and distributor of Automatic Taping and Finishing (ATF) tools used by residential and commercial interior drywall contractors to finish drywall joints prior to painting, wallpapering or other forms of final treatment. Ames invented ATF tools and today is the leader in the ATF tool rental and sold market industry. Ames was founded over 70 years ago in California and is now headquartered in Atlanta, Georgia.
    Ames' principal business is the rental and service of its fleet of ATF tools through its network of Company-managed stores, franchised locations and rental stations located in over 100 markets throughout the US and Canada. Ames' Company-managed stores also sell a variety of merchandise including branded and Ames private label hand-finishing drywall tools, supplies and accessories. Distinct from its ATF tool rental business, Ames also sells ATF tools in the US, Canada and Internationally under the TapeTech brand name, through over 300 independent distributors and dealers.

    Peter Alexander - Chief Restructuring Advisor

    Drew Garner Chief Financial Officer

    SOURCE Ames Taping Tools

    This article was originally published in forum thread: Ames Taping Tools Completes Its Reorganization started by belmoreboy View original post
  • Social Networking

  • Recent forum comments


    Looking for other places to buy matrial

    Thread Starter: Cane88

    Evening all I don't supply material very often but I am started to supply more and more on jobs. But my local place is over priced. Just...

    Last Post By: forestbhoy Yesterday, 11:04 PM Go to last post

    homax banjo

    Thread Starter: scottktmrider

    I am a hanger but the last few years I've been doing more taping. I have seen good reviews on the homax and was thinking about buying one.I dont...

    Last Post By: scottktmrider Yesterday, 08:01 PM Go to last post


    Thread Starter: Rayner

    Hi all, I'm not a dryliner, I'm actually a decorator in Somerset but I'm currently renovating a property which I am drylining, I've literally only...

    Last Post By: Rayner Yesterday, 02:46 PM Go to last post

    Level 5

    Thread Starter: plasterking

    Hi all, i am looking at purchasing some automatic taping tools, what is Level 5 like?

    Last Post By: Ribhand Yesterday, 01:54 PM Go to last post

    Insulation nightmare

    Thread Starter: prjwebb

    Curious as to whether anyone else has encountered the same problem. Im taping a timber framed place at the moment, outside walls are 140 Rockwool...

    Last Post By: Ribhand Yesterday, 10:09 AM Go to last post

    Makita Drill

    Thread Starter: gypsumtools

    Hi everyone, I am looking at purchasing a new Makita drill, what is the best out at the minute? :confused:

    Last Post By: Ribhand Yesterday, 09:58 AM Go to last post
    mik mpd

    metal corner tape dispenser

    Thread Starter: mik mpd

    I was wandering if anyone knew somewhere to buy a metal corner tape dispenser online! A guy on site had one he got from Sheffield insulation. It...

    Last Post By: Ribhand Yesterday, 09:56 AM Go to last post

    Freemans at Belmore

    Thread Starter: Beermonster

    No its not free!!:nono: LOL Has any of u guy's used the freemans readymix? Come's in boxes and its from Mr Marcus!!(Belmore) Good stuff, I would...

    Last Post By: prjwebb 20-11-2014, 10:49 PM Go to last post

    New Job.

    Thread Starter: TonyM

    Started this on Thursday. Tack, dab, tape, skim coat & seal it. Biggest single house i'll have ever done. At a guess, 1500m2

    Last Post By: cossyshamo 19-11-2014, 03:06 AM Go to last post
    E.K Taper

    Walking off a job

    Thread Starter: E.K Taper

    Most of us have done it, at some point! What's your experiences? I landed a job a few weeks ago taping a ceiling, 350m2, 4m high. The joiner said...

    Last Post By: cossyshamo 19-11-2014, 03:03 AM Go to last post