Foundation Building Materials Inc, (NYSE:FBM) Tustin, California, has acquired two distributors.
Foundation has acquired Joe’s Wallboard Supply Co. of Colorado Springs, Inc., Colorado Springs, Colorado, an independent distributor of drywall and accessories, steel framing, insulation, and tools and fasteners. The company has also acquired The Supply Guy, Inc., Lakewood, Washington, an independent distributor of tools, fasteners and other related products. Terms of the transactions were not disclosed.
“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 CEO. “These two companies have a strong and successful history, largely created by the talent of their management and employees and long-standing customer relationships.”