U.S. Markets open in 5 hrs 16 mins

Foundation Building Materials, Inc. Acquires the Specialty Building Products Division of Irwin Builders Supply

TUSTIN, Calif.--(BUSINESS WIRE)--

Foundation Building Materials, Inc. (“FBM” or the “Company”) (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 the specialty building products division of Irwin Builders Supply Corporation (“Irwin”) located in Irwin, PA. Irwin provides a broad range of products including drywall, metal studs, ceiling and wall systems, insulation and other complementary products.

“We are pleased to reach an agreement with Irwin and welcome their experienced team to FBM. Irwin has built a great reputation over its 70 year history and provides FBM with an expanded footprint and leading market position in the attractive Pittsburgh metro area,” said Ruben Mendoza, FBM’s Chief Executive Officer. “This represents another great example of FBM’s ability to identify and acquire businesses that will allow us to better service customers in the local market, increase the available product offering and quickly leverage the scale benefits of our broad platform. We will continue to capitalize on other opportunities that enhance FBM’s position as a leading specialty building products distributor.”

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170403006570/en/