Foundation Building Materials scoops up American Wal-Board

Foundation Building Materials, Inc., a specialty distributor of wallboard, suspended ceiling systems and mechanical insulation, has acquired American Wal-Board, LLC.

Founded in 1995, American Wal-Board is an independent distributor of drywall, steel framing, insulation, roofing and fireplace products with two branches (one in Tennessee, and one in Mississippi).

“Today’s announcement is another strategic acquisition for FBM,” said Ruben Mendoza, FBM’s Chief Executive Officer. “By adding American Wal-Board, we gain entry into a new market in Mississippi and expand our footprint in Tennessee. FBM’s development team sourced and closed this important addition to our company, which we expect to be fully integrated into our organization within ninety days. We welcome the American Wal-Board team to the Foundation family and look forward to integrating their two branches into our company.”

FBM expects American Wal-Board’s third and fourth quarter performance to be consistent with prior years, contributing an estimated $5 million to $7 million in net sales through December 31, 2017.

Tustin, California-based Foundation Building Materials employs more than 3,500 people and operates more than 220 branches across the U.S. and Canada.

Terms of the transaction were not disclosed.