Foundation Building Materials is pleased to announce the successful acquisition of two established building materials distributors, Ceiling & Wall Supply (CWS) and Virginia Builders Supply.
Established in 1982, Ceiling & Wall Supply, a leading independent distributor of Armstrong suspended ceiling systems, drywall, steel framing, insulation and Dryvit products brings a well-established 35-year track record of delivering quality products and professional service. Through strong relationships with industry leading manufacturers, Ceiling & Wall Supply positioned itself well to meet the needs of its contractor partners across five building materials branches in Missouri, Illinois and Kentucky.
“The transaction with CWS will allow FBM to strengthen our number one ceilings position in North America through a deeper Midwest market presence and entry into the Eastern Missouri, Southern Illinois and Western Kentucky markets. The acquisition will also allow us to introduce our complementary products into these new markets and drive further value for FBM shareholders. CWS has an experienced and passionate management team with strong customer relationships combined with deep relationships with our largest vendors making CWS a natural fit for FBM,” said Ruben Mendoza, FBM’s Chief Executive Officer.
The five newly acquired Ceiling & Wall Supply locations include:
- Bridgeton, MO
- Columbia, MO
- Cape Girardeau, MO
- Springfield, IL
- Paducah, KY
Virginia Builders Supply, incorporated in September 1977, has operated over the last 40 years as a professional, independent distributor of building materials providing gypsum wallboard, joint treatment, steel framing, insulation, fasteners, tools and other accessories to contractors servicing the commercial and residential markets.
“We are excited to announce that Virginia Builders Supply will be joining the FBM team. The addition of Virginia Builders Supply allows us to add a full line of specialty building products to the Richmond market with the addition of drywall, steel framing, and insulation,” said Ruben Mendoza, FBM’s Chief Executive Officer. “Virginia Builders’ strong commercial based business will allow FBM to further leverage our existing large customer relationships and drive value for FBM shareholders. Its strong base of commercial business in drywall, steel framing and insulation also complements our existing ceilings business in the area with other manufacturers. We look forward to growing and strengthening our position in the Richmond market and bringing an expanded product offering to the broader region,” said Mendoza.
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.