Foundation Building Materials Announces Agreement to Acquire Trident Distribution Branch

Foundation Building Materials (FBM), one of the largest specialty distributors of wallboard and suspended ceiling systems in the United States and Canada, announced today that it has closed the acquisition of Trident Distribution, Inc.’s Atlanta, Georgia branch location. Trident Distribution’s Atlanta branch provides mechanical insulation, materials and accessories, including pipe fabrication, for use in industrial, commercial, power, and process industry construction.

“The acquisition of Trident Distribution marks FBM’s first acquisition within the attractive mechanical insulation segment since our acquisition of Winroc-SPI in August of 2016,” said Ruben Mendoza, FBM’s Chief Executive Officer. “Our ability to expand further into mechanical insulation fits well with our business strategy and strengthens our market position in the Atlanta metro area. We are excited for the opportunity that the mechanical insulation market represents and we look forward to working with the Trident team.”

About Foundation Building Materials

Foundation Building Materials is a specialty distributor of wallboard, suspended ceiling systems, and mechanical insulation throughout the U.S. and Canada. Based in Tustin, California, the Company employs more than 3,400 people and operates more than 200 branches across the U.S. and Canada.

Investor Relations:
Foundation Building Materials, Inc.
(657) 900-3200
Investors@fbmsales.com
or
Media Relations:
Joele Frank, Wilkinson Brimmer Katcher
Jed Repko or Ed Trissel
(212) 355-4449

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