Acquisitions anyone? Foundation Building Materials takes two

Foundation Building Materials (FBM), the specialty distributor of wallboard, suspended ceiling systems, and mechanical insulation has expanded its presence in the Midwest with a pair of acquisitions.

The Tustin, Calif.-based company has acquired RM Supply, an independent distributor of wallboard, steel framing, insulation, and wallboard accessories. R M Supply operates two branches in Wentzville and Herculaneum, Mo.

FBM has also purchased ArmCom Distributing Company, a division of the St. Paul Linoleum and Carpet Company. ArmCom is an independent distributor of ceiling products and operates five branches in St. Louis Park and Rochester, Minn.; Fargo, N.D.; Sioux Falls, S.D.; and Omaha, Neb.

FBM said it expects the two acquired companies to bring in an estimated $27 million to $29 million in collective net sales for the remainder of fiscal year 2018.

Terms of the acquisitions were not disclosed.

“A fundamental component of our successful growth strategy is to secure highly-complementary acquisitions with compelling track records of success,” said Ruben Mendoza, FBM’s CEO. “R M Supply and ArmCom are ideal strategic and financial fits for our company and represent uniquely positive and durable attributes. They are, first and foremost, well-run companies and have longstanding customer relationships in the residential and commercial markets of the Midwest.”