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Press Releases
FOR IMMEDIATE RELEASE
August 14, 2003
USP Structural Connectors™ Signs National Exclusive Program with Lennar Corporation™ Program Mandates Placement of USP's Structural Connectors in All of Lennars Family of Homebuilders
MINNEAPOLIS, MN (August 14, 2003) - USP Structural Connectors, a Gibraltar Company (Nasdaq: ROCK), announced today the signing of a national exclusive program with Lennar Corporation (NYSE: LEN LEN.B), one of the nation's largest homebuilders.
The program mandates the use of USP's structural connectors in Lennars' 20 families of homebuilders across the United States over the next several years.
"We are very excited about the opportunity to provide our extensive product offering of structural connectors to one of the nation's largest home builders," said Tim Comstock, National Builder Program Manager for USP Structural Connectors. "Our successful growth the past few years is a result of the relationships USP has established in the industry. We look forward to incorporating our quality connectors into the thousands of homes currently built by The Lennar Family of Builders across the United States today and in the future."
Over the last few years, USP Structural Connectors has become a dominant national manufacturer of structural connectors in the Residential, Commercial and Retail markets. As a result, product line offerings have expanded to meet the growing needs of existing and potential customer bases.
"We are pleased to partner with USP and we look forward to a mutually beneficial relationship," said Mark Shevory, Regional President, for Lennar Corporation.
About Gibraltar
Gibraltar is one of North America's leading metal processors, a manufacturer of more than 5,000 steel and other metal products, and North America's second-largest commercial heat treater. The Company serves approximately 10,000 customers in a variety of industries in all 50 states, USP Signs National Exclusive with Lennar Corporation Page 2
Canada, and Mexico. It has approximately 3,700 employees and operates 68 facilities in 26 states, Canada, and Mexico. Information about Gibraltar can be found on the Internet at www.gibraltar1.com
About Lennar Corporation
Lennar Corporation, founded in 1954, is headquartered in Miami, Florida and is one of the nation's leading builders of quality homes for all generations, building affordable, move-up and retirement homes. Under the Lennar Family of Builders banner, the Company includes the following brand names: Lennar Homes, U.S. Home, Greystone Homes, Village Builders, Renaissance Homes, Orrin Thompson Homes, Lundgren Bros., Winncrest Homes, Sunstar Communities, Don Galloway Homes, Patriot Homes, NuHome, Barry Andrews Homes, Concord Homes, Summit Homes, Cambridge Homes, Seppala Homes, Genesee and Rutenberg Homes. The Company's active adult communities are primarily marketed under the Heritage and Greenbriar brand names. Lennar's Financial Services Division provides mortgage financing, title insurance, closing services and insurance agency services for both buyers of the Company's homes and others. Its Strategic Technologies Division provides high-speed Internet access, cable television and alarm installation and monitoring services to residents of the Company's communities and others.
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