I am pleased to announce that FBM has completed the acquisition of Stucco Master Supply, LLC. in Monroe, Ohio.

Stucco Master Supply was started in 2018 by Mike Gibbs. Mr. Gibbs has well over 20 years of EIFS and stucco experience and in 6 short years, built Stucco Master Supply into a leading EIFS and Stone distributor for the Dayton-Cincinnati/tri-state area.Ìý The Stucco Master Team lead by Mike Gibbs and Jolene LaClair will bring new customer relationships and industry expertise to the FBM Cincinnati district led by Ben Moran.

Mike Gibbs, the current owner, will stay on with FBM in an EIFS sales leadership role to help transition and continue growing the EIFS and stone business.

Jolene LaClair, current leader at Stucco Master Supply will become the new FBM Branch Manager.

The FBM Stucco Master Supply Branch will be part of Great Lakes Region #905.

Please join me in welcoming the Stucco Master Team to the FBM family.

Stucco Master Supply LLC, Monroe, OH – (Loc 381)
421 Breaden Drive, units 4 & 5
Monroe, OH 45050
Phone:Ìý(513) 360-7077
Fax: None
Branch manager:Ìý Jolene LaClair

Please direct any questions to Scott Brown, Great Lakes Regional Vice President.

Respectfully,

Ruben Mendoza

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Today is an exciting day for FBM as we have completed the acquisition of 3 companies with a total of 11 locations on the same date for the first time in our history. Each is noted below.

A&D Supply LLC and Studs Unlimited LLC (3 locations in Oklahoma, 2 in Arkansas, 2 in Texas & 1 in Tennessee).

A&D Supply has been family owned and operated through 3 generations since 1974.Ìý A&D Supply distributes drywall, steel framing, Armstrong ceilings, insulation and general building materials.Ìý Owner George Hughes III and the A&D Leadership Team will continue with the business as new members of the FBM Team.

A&D Oklahoma City is one of Armstrong’s oldest distribution partnerships and the two Oklahoma branches are FBM’s first branches in that state.

The FBM / A&D branches in Oklahoma, Arkansas & Texas will be part of the Central Region #903 and the Nashville location in Tennessee will be part of Southeast Region #906

See list of branches on last page.

Henrietta Building Supplies Inc & HBS Building Supplies Inc (2 locations in the Rochester and Buffalo NY areas)

Henrietta Building Supplies (HBS) was started in 1970 by Dick Ski. ÌýMr. Ski has continued to run the business for the past 53 years. Henrietta Building Supplies is a specialty distributor of commercial and residential building products including drywall, steel framing, USG ceilings, insulation, EIFS and general building products.Ìý HBS also has a doors, frames and hardware facility that distributes through the branches in both Rochester and Buffalo.

Dick Ski and his leaders will continue with the business and join the FBM Team.

The FBM/Henrietta/HBS branches in New York will be part of the Northeast Region #907.

FBM Henrietta Building Supplies, Inc.ÌýRochester, NY (Loc #295)
1 Riverton Way
West Henrietta, NY 14586
Phone:Ìý(585) 334-4020

FBM HBS Building Supplies, Inc.ÌýBuffalo, NY – Vickers StÌý(Loc #296)
601 Vickers St.
Tonawanda, NY 14150
Phone:Ìý(716) 692-0084

KCI Doors & Hardware LLC in Phoenix AZ.

KCI Doors and Hardware was started in 1993.Ìý They are a leading supplier of doors, frames and hardware in the Phoenix, Arizona Market and KCI is led by current owner Kris Kurce.Ìý Kris will continue with the business as a new member of the FBM Team.

KCI distributes both steel and wood commercial doors along with frames and several brands of hardware.

The FBM / KCI branch will be part of the Pacific South Region #901.

FBM KCI Doors & Hardware, LLC.ÌýPhoenix, AZÌý(Loc #294)
3126 N 30th Ave.
Phoenix, AZ 85017
Phone:Ìý(602) 272-5427

Please join me in welcoming these outstanding new teams to the FBM Family.

Respectfully,

Ruben Mendoza
President & CEO
Foundation Building Materials

A&D Supply LLC and Studs Unlimited LLC List of Locations

FBM A&D Supply Nashville, TN – River Hills Dr-(Loc #297)
1740 River Hills Drive
Nashville, TN 37210
Phone:Ìý(615) 622-9133

FBM Studs Unlimited, LLCÌýÌý Oklahoma City, OK – Studs Unlimited-(Loc #298)
809 S. Agnew Ave
Oklahoma City, OK 73108
Phone:Ìý(405) 232-0503

FBM A&D SupplyÌýÌý Oklahoma City, OK- (Loc #371)
801 S. Agnew Ave
Oklahoma City, OK 73108
Phone:Ìý(405) 236-0076

FBMA&D SupplyÌýTulsa, OKÌý-(Loc #372)
12539 E. Skelly Dr.
Tulsa, OK 74128
Phone:Ìý(918) 664-7533

FBM A&D SupplyÌýRogers, AR-(Loc #373)
950 N. 2nd Street
Rogers, AR 72756
Phone:Ìý(479) 631-1557

FBM A&D SupplyÌýFort Smith, AR-(Loc #374)
5434 Wheeler Ave
Fort Smith, AR 72903
Phone:Ìý(479) 668-2069

FBM A&D SupplyÌýDenton, TX-(Loc #375)
3917 Morse St. STE 218
Denton, TX 76208
Phone:Ìý(940) 294-7007
Fax: (940) 294-7035

FBM A&D SupplyÌýFort Worth, TX – Harmon Rd-(Loc #376)
8705 Harmon Rd
Fort Worth, TX 76177
Phone:Ìý(682) 357-4014

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1055 JLG Telehandler: Precision and Adaptability

The 1055 JLG Telehandler represents FBM’s dedication to precision and adaptability. With a robust lifting capacity of 10,000 pounds and an impressive 55-foot lift height, it expertly handles the movement of heavy materials across varying elevations. Its 42-foot reach ensures accurate material placement, making it an ideal choice for projects of diverse scopes. Whether it’s positioning door frames or transporting bulk materials, the 1055 model showcases FBM’s commitment to seamless operations.

2733 High Capacity JLG Telehandler: Tackling Heavy-Duty Challenges

FBM’s commitment to excellence is evident in the use of the 2733 High Capacity JLG Telehandler. Boasting an impressive lifting capacity of 26,600 pounds and a 33-foot lift height, it becomes an indispensable tool for heavy-duty projects. With a reach extending to 17 feet 7 inches, it enables precise material positioning. The 2733 model empowers FBM to undertake substantial tasks with finesse, solidifying our reputation for efficiency and reliability.

The synergy between FBM and JLG Telehandlers represents operational efficiency. On California’s dynamic construction sites, these machines act as catalysts for quick and accurate material movement. Whether it’s the 1055 or the 2733 model, FBM’s ability to cater to projects of varying complexities remains unmatched.

Driving Project Progress

JLG Telehandlers redefine how FBM approaches construction projects. Seamless material management, precise load positioning, and expedited project timelines are natural outcomes of these machines’ capabilities. Their pivotal role underscores FBM’s dedication to delivering top-tier materials and solutions across California’s construction market.

As FBM continues its mission to serve the professional construction trades, the strategic deployment of JLG Telehandlers emerges as a cornerstone of our approach. These machines embody FBM’s commitment to delivering excellence within California’s construction landscape. With the 1055 and 2733 models as our trusted partners, FBM strides ahead, reshaping construction efficiency and contributing to a brighter future for California.

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We are nearly half of the way through 2023, and by most accounts, our industry is running at levels that have surprised many of us. Despite the headwinds forecasted for this year, we seem to be progressing well on several fronts. It seems like we are only one international incident away from an economic crisis. Let’s all hope that the world can avoid any unnecessary missteps.

While fuel costs have moderated recently, the diesel price index is still significantly higher than the five-year average price. The instability in a consistent energy policy has led to unstable prices from quarter to quarter. Driver shortages continue to be an issue in all parts of North America.

Single-family housing has borne the brunt of the economic headwinds. While down from the 2022 levels, we are all grateful that the current activity is a little better than the forecasts had predicted. Mortgage rates are hovering around 6.5%. The lack of housing inventory has kept the prices in most markets at very strong levels. Multi-family housing has been the most robust portion of our market. Despite gloomy forecasts for several years, this sector of the market remains very strong.

Figure 1. Current and Forecasted Construction in the U.S.

The commercial market has been very good for most parts of North America. A flurry of microchip manufacturing facilities, electric battery plants, and data storage centers has led the way for a strong showing in this market. The Architectural Billing Index (ABI) in April was 48.5 a slight decrease from March in which the ABI had come in at 50.4. The tenant improvement market continues to lag as many areas have not seen workers return to their offices.

Figure 2. Architectural Billing Index (ABI) April 2023

Commentary By Major Product Category

Here’s our take on the outlook for the remainder of 2023 by product category.

Drywall – The supply chain issues that plagued our industry in 2022 are finally in the rearview mirror. The southeastern portion of the United States was the last area to free up supply after battling the two hurricanes that impacted Florida in the fall. This market continues to experience the strongest demand and is forecasted to remain strong throughout the calendar year. The west coast and the Southwest have experienced some softness in their markets. The second half of this year is anticipating activity in these markets to increase. We expect the pricing for wallboard products to remain stable in most markets this year barring any unforeseen economic issues.

Insulation – Due to the closure of a major plant on the west coast, this industry is running at near capacity pace. Lead times have come down significantly since last year. Fiberglass batts and mineral fiber products are now readily available. Blowing wool products typically become tight in supply in the fall during the heavy reinsulating period. We expect pricing to remain stable in this product category for the remainder of this year.

Joint Compound – The supply chain has been restored to normal lead times. The drywall tape shortage that occurred last fall is now corrected, and the product is readily available.

Ceilings & Grid – Availability is not an issue with this product category. We believe we have returned to a traditional price increase cadence of one increase in the spring and one increase in the fall.

Steel – This product category has shown the most volatility of any category in our business. The effects of worldwide events and import tariffs have been seen with steel products. We saw the prices rise significantly more than other categories in 2022 and we’ve now seen them decline more than any other product category so far this year. We do believe that pricing will be mostly stable at the current levels for the remainder of 2023.

EIFS/Stucco – Lead times have returned to normal levels in this category. The cement industry is experiencing some shortages. As a result, there is a price increase announced for July 1, 2023, for stucco and cementitious products associated with stucco. One stucco manufacturer has left the industry in Florida. Given the robust opportunity in Florida, there may be some shortages for a short time while the remaining three suppliers absorb that business.

These guidelines are our best attempt to help you understand what the future may hold. In no way are we able to guarantee what the future may bring.

In closing, I’d like to say how pleased we are that on March 31, 2023, we were successful in acquiring Marjam. This acquisition will greatly strengthen our position from New England to Florida along the eastern seaboard. We are also extremely excited about the increased activity on our Ecommerce site .

Thank you for your business and continued support.

Sincerely,

Kirby Thompson

Chief Sales Officer

The post Building Materials Market Update – 1st Quarter 2023 appeared first on Foundation Building Materials - Construction Materials.

The Sices Material Products business was started in 1948 and has been a consistent supplier of building materials to contractors in Gary, Indiana for the past 75 years. Sices Material Products distributes drywall, steel framing, ceiling systems, lumber, and general building products.

This new FBM Branch will be part of the Great Lakes Region #905.

Please join me in welcoming the Sices Team to the FBM family.

FBM Branch #293
Gary, IN – Great Lakes Region
2609 West 9^th Avenue, Gary, IN 46404
±Ê³ó´Ç²Ô±ð:Ìý219-949-7436
Fax: 219-944-1647
Branch Manager: Patrick Strickland

Please direct any questions to Scott Brown, Great Lakes Regional Vice President.

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On April 1, FBM took ownership of all 32 Marjam locations. Founded in 1979, Marjam Supply Company started with the purchase of a single warehouse facility in Brooklyn, NY as well as a few thousand dollars in assets with the goal of providing customer service driven building materials distribution.

With this new addition, FBM’s branch count and service level will be increased for new and existing customers all along the east coast, from New Hampshire to Florida. This is an exciting time for all parties involved, collectively FBM is working closely with the Marjam Team and others to make the transition as seamless as possible. We know that a single, unified brand is critical for maintaining the trust of our customers, so like all prior acquisitions, Marjam will eventually take on the Foundation Building Materials name and brand.

With this new addition, FBM’s branch count and service level will be increased for new and existing customers all along the east coast, from New Hampshire to Florida.

At FBM our mission is to be the most trusted supplier partner to the construction trades in North America, delivering on safety, service, innovation, and value for our customers while creating opportunity and growth for the FBM Family.

If you have any questions, please contact your local FBM leadership.

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This is truly a local Orange County partnership, 12 years ago Foundation Building Materials (FBM) first opened its doors at a single location about a mile from Angel Stadium. Today, FBM is headquartered in Santa Ana and has grown into a building materials industry leader with over 270 locations across North America.

Click image above to view the official Angels Press Release.

The FBM Jersey Patch will be proudly featured on the sleeve of all on-field Angels players, manager and coaches’ jerseys. The FBM logo features a lone Cypress Tree, representing FBM, a company built and grown on a firm foundation, able to withstand the test of time.

We look forward to a successful season with our new partners, the Angels!

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To our valued customers,

As we begin the second half of 2022 there are several issues that continue to present challenges to our industry and the economy in general. Supply chain issues have not been resolved in all areas. Areas of improvement will be highlighted in the individual product categories to follow. Freight and transportation is an ongoing issue which has been impacted by rising fuel costs and a driver labor shortage in most parts of North America. While single family housing starts have leveled out, the completion rate has been impacted by the previously mentioned supply chain issues and labor shortages. Multi-family construction remains very strong. Commercial construction is expected to be strong well into 2023 as the Architectural Billing Index (ABI) has been well north of 50 for every month this year.

U.S. Housing Starts Leveling Out

Ìý

Architectural Billing Index (ABI) April 2022

COMMENTARY BY MAJOR PRODUCT CATEGORY

Our view and outlook for the building materials industry by category for the remainder of 2022 is as follows.

DRYWALL – Allocation on drywall has been implemented in most parts of North America. Lead times are still lengthy on all specialty gypsum products. While commodity products lead times are closer to normal, allocation has limited supply in most markets. Continued issues with raw materials such as vermiculite, latex, wax, and fiberglass mat has created production challenges for manufacturers. Like many other products; energy costs, transportation and freight increases have driven raw input costs higher. Two national drywall manufacturers have announced price increases for July, we anticipate others to follow this trend.

JOINT COMPOUND – Raw materials and in particular latex has been an ongoing issue for this product category. We anticipate a second half price increase for joint compound to offset rising raw materials and transportation costs.

STEEL– After nearly eighteen months of continuous price increases we have seen a leveling off of the announced increases. Increased availability of foreign steel has helped stabilize the price of steel despite transportation issues getting it to the ports. There are basically three U.S. based manufacturers of steel.

There appears to be some increased capacity coming online in the U.S. and the biggest user of steel, the automotive industry, continues to have other supply chain issues. Our view on the end result looks like steel pricing will be stabilized and there may be a slight decline from current price levels. Again, this view is dependent on automotive and appliance industries continuing to be soft and the current European Conflict not escalating any further.

CEILINGS – Unexpected significant increases have been announced for this category. Mineral fiber and fiberglass ceilings announced a 17% price increase effective in July. Architectural Specialties also announced a price increase effective in May while grid products announced a price increase of 14% in the same period.

Additionally, Architectural Specialties, in particular wood products are experiencing extremely elongated lead times. We believe these extended lead times will continue throughout the remainder of 2022.

INSULATION – Fiberglass insulation lead times have improved since the end of 2021. The manufacturers are still in tight supply. Mineral wool insulation lead times have peaked and we believe will improve in the second half of the year.

Spray foam insulation, open cell products lead times and availability have improved. Closed cell products remain in a very limited supply situation.

Again, due to raw material and transportation costs an insultation price increase in the second half of 2022 is anticipated.

ElFS – Labor issues at production plants have created very tight and inconsistent availability from the manufacturers. The industry is sold out for the remainder of 2022. Due to rising input and transportation costs, we have received a recent increase from some suppliers and anticipate others will soon follow suit with similar increases in line with those already implemented.

Our goal with these updates is to keep you informed as the year progresses. We thank you for your ongoing business and look forward to working with you for many years to come.

Sincerely,

Kirby Thompson
Chief Sales Officer

The post Building Materials Market Update – Second Half of 2022 appeared first on Foundation Building Materials - Construction Materials.

Our Mission: To be the most trusted supplier partner to the construction trades in North America; delivering on safety, service, innovation, and value for our customers while creating opportunity and growth for the FBM Family.

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The Team at Prestige Drywall Systems captured some great footage on-site and compiled this short video about how Foundation Building Materials (FBM) and Prestige worked together to complete this recording studio project in Los Angeles, CA. The video includes drywall delivery, stocking and scattering, steel stud installation and more. To learn more about Prestige Drywall Systems please send us an email at marketing@fbmsales.com.

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