Foundation Building Materials, Inc. Announces Agreement to Acquire Trident Distribution Branch
01 Maio 2017 - 9:00AM
Business Wire
Foundation Building Materials, Inc. (“FBM” or the “Company”)
(NYSE: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 Trident
Distribution, Inc.’s Atlanta, Georgia branch location. Trident
Distribution’s Atlanta branch provides mechanical insulation,
materials and accessories, including pipe fabrication, for use in
industrial, commercial, power, and process industry
construction.
“The acquisition of Trident Distribution marks FBM’s first
acquisition within the attractive mechanical insulation segment
since our acquisition of Winroc-SPI in August of 2016,” said Ruben
Mendoza, FBM’s Chief Executive Officer. “Our ability to expand
further into mechanical insulation fits well with our business
strategy and strengthens our market position in the Atlanta metro
area. We are excited for the opportunity that the mechanical
insulation market represents and we look forward to working with
the Trident team.”
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170501005525/en/
Investor Relations:Foundation Building Materials, Inc.(657)
900-3200Investors@fbmsales.comorMedia Relations:Joele Frank,
Wilkinson Brimmer KatcherJed Repko or Ed Trissel(212) 355-4449
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