Foundation Building Materials, Inc. Acquires Gypsum Wallboard Supply, Inc.

TUSTIN, Calif.--()--Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE:FBM), one of the largest specialty distributors of wallboard and suspended ceiling systems in the United States and Canada, announced today that it has closed the acquisition of Gypsum Wallboard Supply, Inc. (“Gypsum Wallboard Supply”) located in Tacoma, Washington. Gypsum Wallboard Supply operates one branch and is a leading distributor of drywall, steel framings, ceilings, insulation and finishing products.

“We are excited to announce our agreement with Gypsum Wallboard Supply which strengthens our market position in the Seattle region. Its strong commercial business complements our existing residential business and allows us to expand our product offering, customer base, and supplier relationships,” said Ruben Mendoza, FBM’s Chief Executive Officer. “Gypsum Wallboard Supply has a 25-year track record and is led by a seasoned management team that has fostered a customer-centric culture and will remain with FBM. We continue to demonstrate our ability to execute our strategic growth plan and will consider additional opportunities to further expand our footprint in the Seattle region over time.”

About Foundation Building Materials

Foundation Building Materials is a specialty distributor of wallboard, suspended ceiling systems, and mechanical insulation throughout the U.S. and Canada. Based in Tustin, California, the Company employs more than 3,400 people and operates more than 200 branches across the U.S. and Canada.

Contacts

Investor Relations:
Foundation Building Materials, Inc.
(657) 900-3200
Investors@fbmsales.com
or
Media Relations:
Joele Frank, Wilkinson Brimmer Katcher
Jed Repko or Ed Trissel
(212) 355-4449

Contacts

Investor Relations:
Foundation Building Materials, Inc.
(657) 900-3200
Investors@fbmsales.com
or
Media Relations:
Joele Frank, Wilkinson Brimmer Katcher
Jed Repko or Ed Trissel
(212) 355-4449