Gibraltar Agrees to Sell Its Thermal Processing Assets to GSO Capital Partners

Completion of the transaction is subject to customary regulatoryapproval. The transaction is expected to be completed by the end ofJune.

"Even though our Thermal Processing segment has performed well forGibraltar during the ten years we have owned it, this business nolonger fits in our core portfolio and we concluded that it would be abetter match with another organization. We are pleased that theexisting management team, led by Carl Spezio, will continue to runthis business after the sale," said Brian J. Lipke, Gibraltar'sChairman and Chief Executive Officer.

"This sale is part of our plan to divest non-core assets andbusinesses. We will continue to focus our resources and capital onthose areas that provide the best strategic fit and which will producethe highest returns for us," said Henning N. Kornbrekke, Gibraltar'sPresident and Chief Operating Officer.

"In the short run, we will use the proceeds from this sale to paydown debt. Looking further ahead, we will redeploy this capital tostrengthen our position in targeted growth areas that provide us withstronger performance characteristics," said Mr. Lipke.

Gibraltar's Thermal Processing segment consists of 17 facilitiesin ten states and Canada, with approximately 900 employees. TheThermal Processing segment had 2005 sales of $108 million, which wasapproximately nine percent of Gibraltar's total sales.

Gibraltar Industries is a leading manufacturer, processor, anddistributor of metals and other engineered materials for the buildingproducts, vehicular, and other industrial markets. The Company servesa large number of customers in a variety of industries in all 50states, Canada, Mexico, Europe, Asia, and Central and South America.It has approximately 4,400 employees and operates 93 facilities in 29states, Canada, Mexico, and China.

Information contained in this release, other than historicalinformation, should be considered forward-looking, and may be subjectto a number of risk factors, including: general economic conditions;the impact of the availability and the effects of changing rawmaterial prices on the Company's results of operations; natural gasand electricity prices and usage; the ability to pass through costincreases to customers; changing demand for the Company's products andservices; risks associated with the integration of acquisitions; andchanges in interest or tax rates.

Gibraltar's news releases, along with comprehensive informationabout the Company, are available on the Internet, atwww.gibraltar1.com.