Foundation Building Materials Completes Acquisition of Winroc/SPI

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 wallboard distributors in North America, as well as a leading commercial and industrial insulation materials distributor. Our ability to successfully execute a transaction of this size is a testament to the dedication of all of our team members.

Over the weeks and months to come, we look forward to welcoming the Winroc/SPI Team to the FBM Family. Our plan is to move forward collectively and with a commitment to maintaining our position as the most respected building materials company in the industry. We aim to achieve this by providing unsurpassed value and service to our customers while being the company of choice in the markets we serve.

Best regards,

Ruben

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