L&W Supply Corp., Chicago, on Monday announced it has finalized its purchase of the assets of the Eastern U.S. Gypsum Distribution Operations of Builders FirstSource Inc. (NYSE: BLDR). MDM first reported the deal on July 7.
“We are excited to welcome the Builders FirstSource Eastern Gypsum associates, customers and suppliers to the L&W Supply family,” said Dan Piché, L&W Supply’s president. “The Eastern Gypsum business acquisition supports L&W Supply’s overall growth strategy. With the additional locations in the northeast and southeast, we solidify our position in these markets and strengthen our partnerships with area contractors.”
Added Dave Flitman, president and CEO of Builders FirstSource: “This transaction gives us an opportunity to divest our gypsum operations to a great partner for our employees and customers. Because of its commitment to gypsum, the sale to L&W Supply gives our employees a greater long-term opportunity in the industry, while allowing our company to redeploy assets toward growing our core value-added products and services.”