SANTA ANA, Calif.–(BUSINESS WIRE)– Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE: FBM), one of the largest specialty distributors wallboard, suspended ceilings, and metal framing in North America, announced today that it has completed the acquisition of distributors in each of Colorado Springs, Colorado, and Lakewood, Washington. The terms of the transactions were not disclosed.
- Joe’s Wallboard Supply Co. of Colorado Springs, Inc. (“Wallboard Supply”) is an independent distributor of drywall and accessories, steel framing, insulation, and tools and fasteners. Wallboard Supply was founded in 1997 in Colorado Springs, Colorado.
- The Supply Guy, Inc. (“TSG”) is an independent distributor of tools, fasteners, and other related products. TSG was founded in 1996 in Lakewood, Washington.
“With the closing of these transactions, FBM enters the growing Colorado Springs market and builds its complementary products business in the Pacific Northwest,” said Ruben Mendoza, FBM’s Chief Executive Officer. “These two companies have a strong and successful history, largely created by the talent of their management and employees and long-standing customer relationships.”
About Foundation Building Materials
Foundation Building Materials is a specialty building products distributor of wallboard, suspended ceiling systems, metal framing, and complementary products throughout North America. Based in Santa Ana, California, the Company employs more than 3,400 people and operates more than 175 branches across the U.S. and Canada.
Foundation Building Materials
John Moten, IRC, 657-900-3213
VP Investor Relations
Joele Frank, Wilkinson Brimmer Katcher
Jed Repko or Ed Trissel, 212-355-4449
Source: Foundation Building Materials, Inc.