Foundation Building Materials (FBM), the wallboard, ceiling systems, and insulation specialist that ranks 10th on the latest ProSales 100, announced today it acquired Ciesco Inc. and Commercial Specialty Supply LLC. Ciesco distributes drywall, steel framing, ceiling products, and insulation in the Mid-Atlantic region.
Ciesco, founded 31 years ago, is expected to boost FBM’s net sales by $24 million to $27 million for the rest of this year. Six branches will become part of FBM: in Harrisburg, Bellefonte, Downingtown, Philadelphia, and New Freedom, Pa.; and Woodbridge, Va.
“This transaction will significantly expand our drywall, metal framing, and complementary products offerings to customers in the region, and build a deeper market presence in the Northeast and Mid-Atlantic markets,” Ruben Mendoza, FBM’s chief executive officer, said in a news release.
These appear to be the first acquisitions for Tustin, Calif.-based FBM since February, when it took over R M Supply of Wentzville and Herculaneium, Mo., and ArmCom Distributing Company, of St. Louis Park and Rochester, Minn.; Fargo, N.D.; Sioux Falls, S.D.; and Omaha, Neb.
FBM went public last year. It recorded $1.83 billion in sales in 2017, 97% of it to pros.
