Who Is The Owner Of The Building Materials For The Foundation?

Foundation Building Materials Inc., a specialty building product distributor, has announced the closure of its acquisition by American Securities LLC in an all-cash transaction. The company, which was acquired by Lone Star Funds in 2015 and has maintained a majority ownership since then, is one of the largest specialty building product distributors of wallboard. The acquisition was completed in January 2021. CD and R, a private investment firm with offices in New York and London, has acquired a significant ownership position in Foundation Building Materials from American Securities affiliates.

FBM, founded by Mr. Mendoza, has 25 years of industry experience. Clayton, Dubilier, and Rice, a private investment firm, also acquired an ownership position in Foundation Building Materials. Dallas-based Lone Star Funds acquired FBM in 2015 and has maintained a majority ownership position since the company’s initial public offering in 2017. American Securities, which acquired FBM in 2021, retains a majority stake in the distributor.

FBM may be growing as it has recently gained a new equity partner and attracted significant investment from Clayton Dubilier. Owner George Hughes III and the A and D Leadership Team will continue with the business as new members of the FBM Team. FBM has also acquired A and D Supply LLC and Studs Unlimited LLC, which includes three locations in Oklahoma, two in Arkansas, and one branch in Tennessee.

Who is the CEO of Foundation Building Materials?

FBM’s founder, Ruben Mendoza, has 25 years of industry experience and has previously served as the CEO of AMS, a leading distributor of wallboard, acoustical suspended ceiling systems, lath and plaster products, doors, and other building products. Mendoza joined AMS in 1991 and assumed the CEO role in 2003 after several years as AMS’ Vice President and Sales Manager. AMS grew significantly under Mendoza’s leadership, particularly across the West Coast and Northern Mexico through greenfields and strategic acquisitions.

Onur Demirkaya, appointed Chief Financial Officer (CFO) of FBM on July 1, 2021, has previously served as Chief Accounting Officer from 2020 to 2021. He joined the company as Vice President of Finance and Accounting in December 2014 and has been instrumental in building the Accounting and Finance functions, including the implementation of scalable systems and business intelligence platforms. Before joining FBM, Demirkaya held financial roles with increasing responsibility, including Director of Finance-West Division at Beacon Roofing Supply, Inc., Assistant Corporate Controller for Clean Energy Fuels Corp., and an Audit Manager at Ernst and Young LLP. He earned a Bachelor of Science degree in Accounting from California State University, Long Beach, and a Master of Business Administration degree from the University of California, Los Angeles.

Who bought Foundation Building Materials?

FBM, founded in 2011, is a leading building products distribution company in the United States and Canada. With over 300 locations and a diverse customer base of over 40, 000 contractors and homebuilders, FBM offers gypsum wallboard, suspended ceiling systems, metal framing, and other construction materials. Acquired by American Securities in 2021, FBM has grown organically and through strategic acquisitions, including its combination with Beacon’s interior products and insulation businesses.

The company has strengthened its market presence, expanded its product and service offerings, and expanded its employee base in key North American regions. CD and R, a trusted investment partner, has been welcomed by FBM’s President and CEO, Ruben Mendoza, who expressed their admiration for the business and the commitment to building a successful business over the long term. CD and R CEO, Nate Sleeper, expressed their support for FBM’s next phase of growth and partnership with American Securities.

How big are foundation building materials?

Foundation Building Materials is a prominent supplier of construction materials to the construction industry in the United States and Canada.

How long have foundation building materials been in business?

The company commenced operations in Orange, California, in March 2011 and has since undergone a substantial period of expansion.

Who is the market leader in building materials?

The top construction material manufacturers globally, ranked by 2023 sales value, include ArcelorMittal, Saint-Gobain, Cement Roadstone Holding (CRH), Daikin Industries, Holcim, China National Building Material (CNBM), Ferguson, and Sherwin-Williams. The industry has evolved significantly since its inception, moving from primitive materials like stone and timber to advanced materials like steel, concrete, and insulation. The largest manufacturers worldwide are listed below.

What is the largest construction material company?

The construction material manufacturing sector has undergone significant transformation since its inception, with major manufacturers such as ArcelorMittal, Saint-Gobain, Cement Roadstone Holding, Daikin Industries, Holcim, China National Building Material, Ferguson, and Sherwin-Williams contributing to the global market. The industry has evolved from primitive materials like stone and timber to advanced materials like steel, concrete, and insulation.

What is the market cap of foundation building materials?

As of September 2024, Foundation Building Materials has a market capitalization of $0. 83 billion, which positions it as the 5, 807th most valuable company globally. This value is derived from the aggregate market value of a publicly traded company’s outstanding shares. A detailed account of the company’s market capitalization history from 2021 to 2022 is available for review.

Who is the CEO of building material distributors?

BMD, Inc., a distributor and manufacturer of specialty building products and millwork, has announced the acquisition of Moehl, a company known for its exceptional service. The Moehl team will be a significant addition to BMD’s employee-owned culture, which focuses on delivering exceptional service and driving value for channel partners. The acquisition will expand BMD’s presence and open up new markets. The synergies in millwork product lines and other specialty building product categories will bring additional value to current customers of Moehl and BMD.

The cultural fit between Moehl and BMD is considered excellent, with CEO Don Rudd expressing excitement about the future of Moehl under BMD’s portfolio of businesses. The company’s employee ownership program will allow Moehl employees and management to remain in place, ensuring continued growth and exceptional service to customers in the Midwest.

Is Foundation Building Materials public or private?

FBM, a global private equity firm, has acquired American Securities, an affiliate of Lone Star Funds, a subsidiary of Lone Star. The acquisition, which was approved unanimously by the FBM Board of Directors, represents a premium of approximately 27 to the closing price of FBM common stock on November 13, 2020. FBM President and CEO Ruben Mendoza expressed his satisfaction with the transaction, stating that American Securities is the right partner for the company’s next phase, as they work to advance strategic priorities and build long-term value. The transaction is a testament to the hard work and dedication of FBM’s over 3, 400 employees and is expected to further accelerate the company’s success.

When was foundation building materials founded?

The founder of FBM, John Gorey, reflects on the company’s early beginnings in 2011, when they saw an opportunity to build a solid company that could withstand and flourish in any circumstances. The company’s values of safety, customer-drivenness, employee value, integrity, honesty, and excellence have led to its growth and even becoming a publicly traded company. The founder chose the iconic cypress tree logo as a symbol of strength and a firm foundation, different from standard tools, drywall, or metal studs.

The company promises to do business with integrity and honesty, strive to be the best, and never forget to work for customers. The founder also emphasizes the importance of teamwork and proving themselves to customers by striving to be the best building materials company ever.