May 4, 201702:00 PMBlog
California company buys Tacoma construction products distributor
Construction product distributor Gypsum Wallboard Supply, located in Tacoma, has been acquired by Foundation Building Materials, Inc., one of the largest specialty distributors of wallboard and suspended ceiling systems in the United States and Canada.
FBM, based in Tustin, Calif., announced in a news release that the transaction had closed.
“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 CEO.
Gypsum Wallboard Supply operates one branch in Tacoma, distributing drywall, steel framings, ceilings, insulation and finishing products.
“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,” added Mendoza. “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.”