FBM has recently completed the acquisitions of Gypsum Supply Company (GSC) and Commercial Building Materials (CBM).
GSC has 14 locations: six in Illinois, four in Iowa, and four in Wisconsin. They distribute a product line that is very similar to ours, and they have Armstrong ceilings in most of their markets.
CBM is a one-location operation in Ypsilanti, Michigan. They also have similar products and carry the USG ceiling line. This will add the USG line to our Livonia and Utica branches in eastern Michigan.
As we begin this new year, we have 85 branches, nearly 1800 employees, and revenues in excess of $1.05 billion. We continue to grow and outperform because of our great people and our solid partners. I want to thank all of you for your very hard work in making FBM a great company.
Happy New Year,