Foundation Building Materials Inc. (NYSE: FBM), Tustin, CA, has acquired two specialty building product distributors – in MCS Door & Hardware, Bryan, TX, and Del-Pro Building Supplies Inc., Ontario, Canada. Terms were not disclosed.
Founded in 2000, MCS Door & Hardware is an independent distributor of doors, frames, hardware and toilet partition products. Founded in 2012, Del-Pro Building Supplies is an independent distributor of wallboard, steel framing, insulation, basement blanket and spray foam products. Foundation Building Materials expects that the two acquired companies will contribute $10 million to $12 million in annual sales beginning in 2018.
