FBM Acquires Agan Drywall in the South Dakota Market
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...
FBM CEO Ruben Mendoza selected as 2018 Entrepreneur of the Year Orange County!
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...
FBM Congratulates Joe Brown for 45 Years of Service
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...
Foundation Building Materials Welcomes Recent Acquisition – Commercial Interior and Exterior Supply Company (CIESCO)
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...
July Wallboard Price Increase & Freight Surcharge
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...
FBM Sales University 2018
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...
Foundation Building Materials, Inc. Announces First Quarter 2018 Results
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...
FBM Opens New Branch in Las Vegas
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...
Armstrong Ceilings Solutions to Increase Price of Suspension Systems and Axiom Products
Date: March 12, 2018 Sales Bulletin: 2018-10DDC Geographic Coverage: US – Commercial Distributors and Contractors LANCASTER, PA – Armstrong Ceiling Solutions today announced the following actions: Effective April 16, 2018, an 11% increase on the list price for all...
Imported Steel Update Based on Announced 25% Tariff
The Current US domestic steel market is approximately 115 million metric tons. Traditionally, the average share of steel imports comprised 20- 22% of US domestic market steel supply. Starting in 2014, the share of imported steel supply rose to average 26-28% of US...
Foundation Building Materials, Inc. to Participate in the Raymond James 39th Annual Institutional Investors Conference
TUSTIN, Calif.--(BUSINESS WIRE)-- Foundation Building Materials, Inc. (“FBM” or the “Company” ) (NYSE:FBM), a leading specialty distributor of wallboard, suspended ceiling systems, and mechanical insulation throughout the U.S. and Canada, announced today that Ruben...
Foundation Building Materials Expands in the Midwest with Acquisitions of R M Supply and ArmCom Distributing Company
Foundation Building Materials, one of the largest specialty distributors of wallboard, suspended ceiling systems and mechanical insulation in North America, announced today that it has completed the acquisitions of two specialty building product distributors in the...