L&W Supply Finalized Deal to Acquire the Assets of Eastern U.S. Gypsum Distribution Operations of Builders FirstSource Inc.
CHICAGO, IL – July 26, 2021 – L&W Supply Corporation has finalized its purchase of the assets of the Eastern U.S. Gypsum Distribution Operations of Builders FirstSource, Inc. (NYSE: BLDR) (Builders FirstSource). L&W Supply is a leading specialty distributor for drywall, ceilings, steel framing and other building materials used by commercial and residential specialty contractors.
“We are excited to welcome the Builders FirstSource Eastern Gypsum associates, customers and suppliers to the L&W Supply family,” said Dan Piché, L&W Supply’s president. “The Eastern Gypsum business acquisition supports L&W Supply’s overall growth strategy. With the additional locations in the northeast and southeast, we solidify our position in these markets and strengthen our partnerships with area contractors.”
“This transaction gives us an opportunity to divest our gypsum operations to a great partner for our employees and customers,” said Dave Flitman, President and CEO of Builders FirstSource. “Because of its commitment to gypsum, the sale to L&W Supply gives our employees a greater long-term opportunity in the industry, while allowing our company to redeploy assets toward growing our core value-added products and services.”
About Builders FirstSource
Headquartered in Dallas, Texas, Builders FirstSource, Inc. is the largest U.S. supplier building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling and a manufacturer of roof and floor trusses, wall panels, stairs, aluminum and vinyl windows, custom millwork and pre-hung doors. Builders FirstSource, Inc. also distributes windows, interior and exterior doors, dimensional lumber and lumber sheet goods, millwork and other building products. For more information about Builders FirstSource, Inc. visit the Company’s website at www.bldr.com.
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