Foundation Building Materials Blog

FBM Leadership Team on the Podium at the NYSE for FBM IPO

Ruben Mendoza, President and CEO, along with many of the Foundation Building Materials (FBM) Leaders gathered in New York City on February 10, 2017 for the Initial Public Offering (IPO) of FBM Stock. Both John Gorey, Chief Financial Officer and Tom Fischbeck, Pacific Region Vice President, two of the three founding members of the Company (the third being Ruben) were also present. It was an exciting day of reflection on all of the hard work required to get to...

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Exciting times at Foundation Building Materials (FBM), today FBM announced that it has started an initial public offering of 12,800,000 shares of its common stock, all of which are being offered by the Company. The initial public offering price is expected to be between $17.00 to $19.00 per share. The Company's sole stockholder expects to grant the underwriters an option to purchase up to an additional 1,920,000 shares of common stock. FBM has applied to list its common stock...

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As we start another new year, we are pleased to announce the recent and successful acquisition of Dominion Interior Supply Corporation of Virginia. Dominion Interiors was started more than 30 years ago in 1985, since then the company has expanded into four full service locations including Richmond, Virginia Beach, Fredericksburg and Roanoke. Specializing in commercial acoustical ceiling distribution, Dominion Interiors has built a strong business based on exemplary service and industry leadership within the state of Virginia, while also...

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We are pleased to announce the recent and successful acquisition of United Drywall in Marietta, Georgia. This welcome addition to the Foundation Building Materials family provides added market presence in Atlanta and the surrounding areas. United Drywall started in 2003 by providing quality building materials and a high-level of service to residential contractors in the Greater Atlanta Area. Combined with the newly acquired Winroc location in Atlanta, which primarily services the commercial market, we look forward to building a...

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ocbj-fbm

In 2011, Foundation Building Materials (FBM) started small when it opened the doors of its first building materials supply location in Orange, California. It was there that the three founding members set the company’s foundation on a base of core principles which have led to tremendous growth and success over the past 5 years. The FBM core principles are as follows: Safety First – we believe there is nothing we do that is so important we cannot do it...

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steel

Historically, building materials suppliers have experienced a range of challenges when importing finished goods building materials such as drywall, steel, flooring, etc. from China and other countries. These purchases are often made when building products demand is high in the U.S. and domestic supply is low, ultimately filling a critical gap in the construction project pipeline but opening up a host of other problems related to quality, liability and safety. For example, as our colleagues at Phillips Manufacturing pointed...

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FBM-Winroc-Image

We at Foundation Building Materials (“FBM”) are pleased to announce the completion of the Winroc/SPI acquisition. With the completion of this transaction, FBM is better positioned than ever before to provide value-added products and services to our construction trades customers across North America. We are particularly excited about FBM’s expanded geographic footprint which now includes approximately 3,200 employees across 205 locations in 36 states across the United States and Canada. More importantly, we are now one of the largest...

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FBM Wins Community Improvement Award

On July 15, local Foundation Building Materials staff, community leaders (including the Mayor of Valparaiso, Jon Costas), customers and vendors alike gathered at the new FBM branch for lunch and a ribbon cutting ceremony. While FBM has been serving the construction trades for years out of South Bend, Indiana the new Valparaiso location provides more convenient access to the northwestern corner of the state and surrounding areas. The location, a vacant lot and aging building that had sat unused...

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Winroc logo

FBM announces that a purchase agreement has been signed to acquire the Construction Products Division (Winroc/SPI) from Superior Plus, a Canadian Corporation. Winroc/SPI started in 1971 from a single location in Winnipeg, Manitoba. It grew into 34 branches across Canada followed by US expansion into Arizona, Minnesota, Nevada and Utah. In 2009, Winroc purchased Specialty Products and Insulation (SPI) allowing the company to further expand into the ceilings business as well as the commercial and Insulation business. Once the integration of...

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KentandKen FBM Map

We are pleased to announce the recent and successful acquisition of two well-respected, regional building materials suppliers, Kent Gypsum and Ken/API. These welcome additions to the Foundation Building Materials family provide new market presence in the states of Washington and Kentucky with expanded coverage in Ohio. Over the past 40 years, Kent Gypsum has been a leading building materials supplier in the Pacific Northwest. They operate out of 4 locations in the greater Washington State area supplying drywall, accessory products,...

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