Foundation Building Materials News

Foundation Building Materials (FBM) announces the recent acquisition of Builders’ Supplies Limited in Ontario, Canada. With three locations, Builders Supplies is a key distributor of industrial and commercial building materials in the Toronto Market. This Canadian Group has an eighty-five year track record in providing quality building materials in addition to outstanding customer service. “We are excited Builder’s’ Supply will be joining the FBM network. This acquisition will expand our geographic reach into the non-residential downtown Toronto market...

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Foundation Building Materials recently opened a new building materials location in one of the fastest growing cities in the U.S., Charlotte, North Carolina. Located on the east side of the city near Eastway and managed by Rob Henshaw a 30-year industry veteran, FBM Charlotte is well positioned to supply the entire metropolitan area with a range of quality construction products. This location will stock, sell and deliver drywall, steel studs, suspended ceilings, fiberglass reinforced plastic (FRP), external insulation finishing...

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As of October 1, 2018, Foundation Building Materials acquired Agan Drywall Supply and its related companies. With three locations, Agan is one of the largest distributors of building materials (interior/exterior walls) for commercial and multi-family construction in South Dakota. Agan has established an excellent reputation for service in the Sioux Falls, Rapid City and Sioux City marketplace and have been leaders in the drywall supply business since 1975. Please join us in welcoming Agan Drywall to the Foundation Building Materials...

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We’re honored to share the news that our President & CEO, Ruben Mendoza was selected as a Logistics & Innovation Winner in the Entrepreneur Of The Year® 2018 Orange County Awards program! Click here to watch a brief interview with Ruben Mendoza As the world’s most prestigious business award for entrepreneurs, Entrepreneur Of The Year has been at the forefront of identifying game‑changing entrepreneurs for more than three decades. The program has honored the inspirational leadership of such entrepreneurs as Howard Schultz of Starbucks Coffee Company, John Mackey of Whole Foods Market Inc., Pierre Omidyar...

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FBM congratulates Joe Brown on a remarkable milestone anniversary of 45 years of service at Home Acres Building Supply, now Foundation Building Materials (FBM). Joe is the longest serving employee in the former Home Acres organization and started his building materials career in 1973 as a Flatbed Truck Driver. He has seen and operated every piece of equipment used to deliver building materials.   Joe has held various roles over the years as Warehouse Operations Manager, Dispatcher, Drywall Buyer, Transfer Coordinator, and...

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On August 1, 2018, Foundation Building Materials (FBM) announced the acquisition of Commercial Interior and Exterior Supply Company (CIESCO). With seven locations, CIESCO established itself as one of the largest distributors of building materials for interior/exterior walls, ceilings and insulation in the Central Pennsylvania market. This dedicated group of building materials professionals expanded its business over a 30 year period by successfully servicing customers in Central and Eastern Pennsylvania, Maryland, Delaware, Southern New Jersey, Washington D.C. and Northern Virginia.  As...

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Effective July 2, 2018 Foundation Building Materials is announcing a 10% wallboard price increase. This increase is reflective of the wallboard manufacturers increase announcements. Increased DOT regulations have severely impacted the trucking industry. A nationwide shortage of drivers has caused a significant increase in freight costs. Foundation Building Materials is announcing a 1.5% freight surcharge also effective July 2, 2018. Thank you for your continued business and support. Sincerely, Kirby Thompson Sr. V.P. Sales and Marketing...

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At the end of May, FBM Leaders, Sales Teams and Vendor Partners gathered in Dallas, Texas to convene at the annual FBM Sales University.  The highly anticipated event was attended by over 220 FBM Salespeople and 50 vendor partners. Together both groups engaged in 22 unique classroom-style training sessions where any FBM Team Member in attendance could indulge in up to 18 hours of individual, product-solution focused educational time. In addition to the educational program, FBM Leaders including Ruben Mendoza...

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2018 First Quarter Highlights • Net sales of $536.3 million, an increase of 11.9% compared to the prior year period • Base business net sales of $485.2 million, an increase of 4.9% compared to the prior year period • Net loss of $1.1 million compared to net income of $3.9 million in the prior year period • Adjusted EBITDA(1) of $35.0 million • Completed two acquisitions in the quarter Tustin, CA, May 9, 2018 (Business Wire) - Foundation Building Materials, Inc....

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Foundation Building Materials, Inc. (FBM) recently announced the opening of a new location in Las Vegas, Nevada. This sizeable facility will provide industry leading building materials and delivery/stocking services to commercial and residential contractors in the greater Las Vegas market. FBM Las Vegas is comprised of a 50,000 ft2 warehouse with a showroom, operations and sales offices, the facility also has a two-acre yard. An experienced Branch Manager is leading a qualified team of operations and sales staff already...

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