Foundation Building Materials closes Canadian acquisition

TUSTIN, Calif. — Foundation Building Materials has closed the acquisition of Builders’ Supplies Ltd., an independent distributor of drywall, steel framing, ceiling tile and grid. In business for 85 years, Builders’ Supplies operates three branches in the Greater Toronto Area. Terms of the transaction were not disclosed. “We are excited Builders’ will be joining the FBM network,” said Ruben Mendoza, CEO and president of FBM. “This transaction will expand our geographic footprint into the non-residential downtown Toronto market and enhance our service capabilities to the greater Ontario province.”