• 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


    Handrails on scaffold

    Thread Starter: ALROH57

    Nearly sacked yesterday for not having a high enough hand rail on my tower, was a double boarded one with a low hand rail. Right next to me was two...

    Last Post By: ALROH57 Today, 03:43 PM Go to last post
    Knauf Sheetrock

    Help !!!!

    Thread Starter: Knauf Sheetrock

    Hi All, its been a while since I visited the site and put any posting on under my old profile of "USG". There has been lots of change in the...

    Last Post By: Knauf Sheetrock Yesterday, 06:29 PM Go to last post
    drywall guy

    First coat

    Thread Starter: drywall guy

    Any body first coating with an 8" Columbia Fatboy box & joint filler ?. Taking into account clean up time , what are the pros & cons?

    Last Post By: ALROH57 22-07-2014, 09:02 PM 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: Beermonster 18-07-2014, 06:46 PM Go to last post

    Three Stage Skim Coating

    Thread Starter: Carina

    We hired a home remodeling company to do major renovations in our apartment. One of the tasks was specified in the contract as "three stage skim...

    Last Post By: Carina 17-07-2014, 09:57 PM Go to last post

    Steps banned from site

    Thread Starter: ALROH57

    Everyone knows steps are banned from site or by permit only, the contracts manager in his wisdom had the floor covering put down before the build was...

    Last Post By: ALROH57 17-07-2014, 09:38 PM Go to last post

    World Cup 2014 Competition

    Thread Starter: amestaper

    Want to enter our World Cup competition? In previous draws we have picked teams and the eventual winners are chosen in the first couple of posts...

    Last Post By: ALROH57 17-07-2014, 09:12 PM Go to last post

    Belmore tools

    Thread Starter: ALROH57

    I have been using BELMORE TOOLS for a while now and find their service second to none, or above and beyond. So if any of you fellas have not been to...

    Last Post By: belmoreboy 17-07-2014, 01:16 PM Go to last post

    Tools for sale Columbia

    Thread Starter: Sjy

    Columbia auto taper gc x2 12inch boxes vgc X1 10inch box x2 2inch corner finishers (corner heads) Handle for boxes corner box head only corner...

    Last Post By: sq ames taper 09-07-2014, 04:59 PM Go to last post

    WANTED cheap mud tube

    Thread Starter: ALROH57

    Looking for a mud tube, this would be my first one and thinking about 36 inch and maybe a COLUMBIA or CANAM

    Last Post By: ALROH57 08-07-2014, 08:15 PM Go to last post