FBM is off to a quick start in 2024
Foundation Building Materials (FBM) is on a tear to begin 2024.
The California-based building products distributor has already announced two acquisitions to start the new year.
On Jan. 2, in a letter from CEO and company founder Reuben Mendoza, FBM announced that it had completed the acquisition of Stucco Master Supply, LLC. in Monroe, Ohio.
Stucco Master Supply was founded in 2018 by Mike Gibbs, who has over 20 years of EIFS and stucco experience. According to FBM, in six short years, Gibbs built Stucco Master Supply into a leading EIFS and Stone distributor for the Dayton-Cincinnati/tri-state area.
The Stucco Master Team lead by Gibbs and Jolene LaClair will bring new customer relationships and industry expertise to the FBM Cincinnati district led by Ben Moran, FBM said.
Mike Gibbs, the current owner, will stay on with FBM in an EIFS sales leadership role to help transition and continue growing the EIFS and stone business. LaClair, current leader at Stucco Master Supply will become the new FBM Branch Manager.
The FBM Stucco Master Supply Branch will be part of Great Lakes Region. The financial terms of the acquisition were not disclosed.
FBM wasn’t done there, however. Less than five days into the new year, FBM announced via LinkedIn that it has also purchased Tradewinds Hawaii, Inc., a luxury windows, doors, appliances, and accessories distributor.
Terms of the deal call for FBM to acquire the inventory and showroom assets of Tradewinds Hawaii.
The window business will join FBM’s Pacific Source Branch on Hawaii Island, expanding the distributor’s presence in the region. Financial terms were not disclosed by FBM.
With headquarters in Santa Ana, California, FBM operates more than 300 locations in the United States and Canada. The company's product offerings include drywall, steel studs and accessories, stucco, tools, fasteners, insulation, commercial doors and hardware, along with additoinal building materials.
FBM wasn’t done there, however. Less than five days into the new year, FBM announced via LinkedIn that it has also purchased Tradewinds Hawaii, Inc., a luxury windows, doors, appliances, and accessories distributor.
Terms of the deal call for FBM to acquire the inventory and showroom assets of Tradewinds Hawaii.
The window business will join FBM’s Pacific Source Branch on Hawaii Island, expanding the distributor’s presence in the region. Financial terms were not disclosed by FBM.
With headquarters in Santa Ana, California, FBM operates more than 300 locations in the United States and Canada. The company's product offerings include drywall, steel studs and accessories, stucco, tools, fasteners, insulation, commercial doors and hardware, along with additional building materials.
