Foundation Building Materials Q2 2021 Materials Supply Update
As we wrap up the second quarter of 2021, we feel it is an appropriate time to share our view of the industry. Drywall – ½” and 5/8” inventories have improved slightly. Specialty products are still on extended lead times from all manufacturers. We expect the specialty...
Foundation Building Materials Supply and Pricing Update
To Our Valued Customers: We are facing unprecedented times in our industry due to tight material supply and pricing inflation. I thought it would be helpful to update all of you on the current situation with our major product categories. Drywall – We have seen lead...
Foundation Building Materials (FBM) Acquires ABC Builders Supply Corporation in Richmond, Virginia
On May 3, Foundation Building Materials (FBM) announced completion of the ABC Builders Supply Company acquisition. ABC is a leading, customer service driven distributor of drywall and accessories, steel framing, insulation, tools, and fasteners, with a 60+ year track...
Watch the FBM Founders 10 Year Anniversary Video
For the Foundation Building Materials (FBM) 10 Year Anniversary, we recently spent some time with the original founders, Ruben Mendoza, John Gorey and Tom Fischbeck in a casual interview to get some insights as to how they got started. Hosted by FBM’s very own Pete...
FBM Celebrates 10 Years of Service and Excellence
On March 1, 2011 Ruben Mendoza, John Gorey, and Tom Fischbeck started FBM with a single location in Orange, California. During the last ten years, the company has grown to over 200+ locations to become one of North America’s...
Foundation Building Materials Completes Purchase of Beacon Interiors Group
This is a joint press release between Beacon and Foundation Building Materials: Beacon (Nasdaq: BECN) (the “Company”) announced today the successful completion of the previously announced sale of its interior products and insulation businesses (“Interior Products”) to...
Foundation Building Materials Closes Transaction with American Securities
Company Release - 01/29/2021 SANTA ANA, CA & NEW YORK, NY--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company”), one of the largest specialty building product distributors of wallboard, suspended ceiling systems, metal framing, and...
American Securities to purchase Beacon’s Interior Products Business and combine it with FBM
We excited about today’s news from our new private equity partner American Securities and what it means for FBM and Beacon’s Interior Products business. Learn more by reading the recent press release from American Securities at...
Foundation Building Materials, Inc. Enters Into Definitive Agreement to Be Acquired by American Securities LLC
Company Release - 11/15/2020 FBM Shareholders to Receive $19.25 Per Share in Cash SANTA ANA, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE: FBM), one of the largest specialty building products distributors of...
Foundation Building Materials, Inc. Announces Third Quarter 2020 Results and Provides Full Year 2020 Guidance
2020 Third Quarter Highlights Net sales of $521.3 million, a decrease of 7.7% compared to the prior year period Net income from continuing operations of $11.8 million, a decrease of $0.9 million, compared to the prior year period Adjusted net income(1) of $13.3...
Foundation Building Materials, Inc. Announces Third Quarter 2020 Earnings Release Date and Conference Call
Company Release - 10/13/2020 SANTA ANA, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (FBM or the “Company”) (NYSE: FBM), one of the largest specialty distributors of wallboard, suspended ceilings systems, metal framing, and complementary products...
Foundation Building Materials Expands its Presence in the Greater Milwaukee Market with the Acquisition of Marriott Drywall Materials, Inc.
Company Release - 09/01/2020 SANTA ANA, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE: FBM), one of the largest specialty distributors of wallboard, suspended ceilings systems, metal framing, and complementary...