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I am pleased to announce that мÓÆÂÁùºÏ²ÊÏÂ×¢ 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.  The Stucco Master Team lead by Mike Gibbs and Jolene LaClair will bring new customer relationships and industry expertise to the мÓÆÂÁùºÏ²ÊÏÂ×¢ Cincinnati district led by Ben Moran.

Mike Gibbs, the current owner, will stay on with мÓÆÂÁùºÏ²ÊÏÂ×¢ 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 мÓÆÂÁùºÏ²ÊÏÂ×¢ Branch Manager.

The мÓÆÂÁùºÏ²ÊÏÂ×¢ Stucco Master Supply Branch will be part of Great Lakes Region #905.

Please join me in welcoming the Stucco Master Team to the мÓÆÂÁùºÏ²ÊÏÂ×¢ family.

Stucco Master Supply LLC, Monroe, OH – (Loc 381)
421 Breaden Drive, units 4 & 5
Monroe, OH 45050
±Ê³ó´Ç²Ô±ð:Ìý(513) 360-7077
Fax: None
Branch manager:  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 мÓÆÂÁùºÏ²ÊÏÂ×¢ 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.  A&D Supply distributes drywall, steel framing, Armstrong ceilings, insulation and general building materials.  Owner George Hughes III and the A&D Leadership Team will continue with the business as new members of the мÓÆÂÁùºÏ²ÊÏÂ×¢ Team.

A&D Oklahoma City is one of Armstrong’s oldest distribution partnerships and the two Oklahoma branches are мÓÆÂÁùºÏ²ÊÏÂע’s first branches in that state.

The мÓÆÂÁùºÏ²ÊÏÂ×¢ / 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.  Mr. 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.  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 мÓÆÂÁùºÏ²ÊÏÂ×¢ Team.

The мÓÆÂÁùºÏ²ÊÏÂ×¢/Henrietta/HBS branches in New York will be part of the Northeast Region #907.

мÓÆÂÁùºÏ²ÊÏÂ×¢ Henrietta Building Supplies, Inc. Rochester, NY (Loc #295)
1 Riverton Way
West Henrietta, NY 14586
±Ê³ó´Ç²Ô±ð:Ìý(585) 334-4020

мÓÆÂÁùºÏ²ÊÏÂ×¢ HBS Building Supplies, Inc. Buffalo, NY – Vickers St (Loc #296)
601 Vickers St.
Tonawanda, NY 14150
±Ê³ó´Ç²Ô±ð:Ìý(716) 692-0084

KCI Doors & Hardware LLC in Phoenix AZ.

KCI Doors and Hardware was started in 1993.  They are a leading supplier of doors, frames and hardware in the Phoenix, Arizona Market and KCI is led by current owner Kris Kurce.  Kris will continue with the business as a new member of the мÓÆÂÁùºÏ²ÊÏÂ×¢ Team.

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

The мÓÆÂÁùºÏ²ÊÏÂ×¢ / KCI branch will be part of the Pacific South Region #901.

мÓÆÂÁùºÏ²ÊÏÂ×¢ KCI Doors & Hardware, LLC. Phoenix, AZ (Loc #294)
3126 N 30th Ave.
Phoenix, AZ 85017
±Ê³ó´Ç²Ô±ð:Ìý(602) 272-5427

Please join me in welcoming these outstanding new teams to the мÓÆÂÁùºÏ²ÊÏÂ×¢ Family.

Respectfully,

Ruben Mendoza
President & CEO
Foundation Building Materials

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

мÓÆÂÁùºÏ²ÊÏÂ×¢ A&D Supply Nashville, TN – River Hills Dr-(Loc #297)
1740 River Hills Drive
Nashville, TN 37210
±Ê³ó´Ç²Ô±ð:Ìý(615) 622-9133

мÓÆÂÁùºÏ²ÊÏÂ×¢ Studs Unlimited, LLC   Oklahoma City, OK – Studs Unlimited-(Loc #298)
809 S. Agnew Ave
Oklahoma City, OK 73108
±Ê³ó´Ç²Ô±ð:Ìý(405) 232-0503

мÓÆÂÁùºÏ²ÊÏÂ×¢ A&D Supply   Oklahoma City, OK- (Loc #371)
801 S. Agnew Ave
Oklahoma City, OK 73108
±Ê³ó´Ç²Ô±ð:Ìý(405) 236-0076

мÓÆÂÁùºÏ²ÊÏÂ×¢A&D Supply Tulsa, OK -(Loc #372)
12539 E. Skelly Dr.
Tulsa, OK 74128
±Ê³ó´Ç²Ô±ð:Ìý(918) 664-7533

мÓÆÂÁùºÏ²ÊÏÂ×¢ A&D Supply Rogers, AR-(Loc #373)
950 N. 2nd Street
Rogers, AR 72756
±Ê³ó´Ç²Ô±ð:Ìý(479) 631-1557

мÓÆÂÁùºÏ²ÊÏÂ×¢ A&D Supply Fort Smith, AR-(Loc #374)
5434 Wheeler Ave
Fort Smith, AR 72903
±Ê³ó´Ç²Ô±ð:Ìý(479) 668-2069

мÓÆÂÁùºÏ²ÊÏÂ×¢ A&D Supply Denton, TX-(Loc #375)
3917 Morse St. STE 218
Denton, TX 76208
±Ê³ó´Ç²Ô±ð:Ìý(940) 294-7007
Fax: (940) 294-7035

мÓÆÂÁùºÏ²ÊÏÂ×¢ A&D Supply Fort Worth, TX – Harmon Rd-(Loc #376)
8705 Harmon Rd
Fort Worth, TX 76177
±Ê³ó´Ç²Ô±ð:Ìý(682) 357-4014

The post мÓÆÂÁùºÏ²ÊÏÂ×¢ Acquires A&D Supply, Studs Unlimited, Henrietta Building Supplies(HBS) and KCI Doors & Hardware appeared first on Foundation Building Materials - Construction Materials.

Telehandler Models: 1055 JLG and 2733 High Capacity

1055 JLG Telehandler: Precision and Adaptability

The 1055 JLG Telehandler represents мÓÆÂÁùºÏ²ÊÏÂ×¢’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 мÓÆÂÁùºÏ²ÊÏÂ×¢’s commitment to seamless operations.

2733 High Capacity JLG Telehandler: Tackling Heavy-Duty Challenges

мÓÆÂÁùºÏ²ÊÏÂ×¢’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 мÓÆÂÁùºÏ²ÊÏÂ×¢ to undertake substantial tasks with finesse, solidifying our reputation for efficiency and reliability.

Efficiency Redefined: мÓÆÂÁùºÏ²ÊÏÂ×¢ and JLG Telehandlers

The synergy between мÓÆÂÁùºÏ²ÊÏÂ×¢ 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, мÓÆÂÁùºÏ²ÊÏÂ×¢’s ability to cater to projects of varying complexities remains unmatched.

Driving Project Progress

JLG Telehandlers redefine how мÓÆÂÁùºÏ²ÊÏÂ×¢ approaches construction projects. Seamless material management, precise load positioning, and expedited project timelines are natural outcomes of these machines’ capabilities. Their pivotal role underscores мÓÆÂÁùºÏ²ÊÏÂ×¢’s dedication to delivering top-tier materials and solutions across California’s construction market.

Strengthening the Backbone of Construction

As мÓÆÂÁùºÏ²ÊÏÂ×¢ 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 мÓÆÂÁùºÏ²ÊÏÂ×¢’s commitment to delivering excellence within California’s construction landscape. With the 1055 and 2733 models as our trusted partners, мÓÆÂÁùºÏ²ÊÏÂ×¢ strides ahead, reshaping construction efficiency and contributing to a brighter future for California.

The post Elevating Supply and Stocking Efficiency with JLG® Telehandlers: Foundation Building Materials Approach appeared first on Foundation Building Materials - Construction Materials.

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 мÓÆÂÁùºÏ²ÊÏÂ×¢ Branch will be part of the Great Lakes Region #905.

Please join me in welcoming the Sices Team to the мÓÆÂÁùºÏ²ÊÏÂ×¢ family.

мÓÆÂÁùºÏ²ÊÏÂ×¢ 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, мÓÆÂÁùºÏ²ÊÏÂ×¢ 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, мÓÆÂÁùºÏ²ÊÏÂע’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 мÓÆÂÁùºÏ²ÊÏÂ×¢ 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, мÓÆÂÁùºÏ²ÊÏÂע’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 мÓÆÂÁùºÏ²ÊÏÂ×¢ 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 мÓÆÂÁùºÏ²ÊÏÂ×¢ Family.

If you have any questions, please contact your local мÓÆÂÁùºÏ²ÊÏÂ×¢ leadership.

The post Marjam Supply Company Acquired by Foundation Building Materials (мÓÆÂÁùºÏ²ÊÏÂ×¢) appeared first on Foundation Building Materials - Construction Materials.

This is truly a local Orange County partnership, 12 years ago Foundation Building Materials (мÓÆÂÁùºÏ²ÊÏÂ×¢) first opened its doors at a single location about a mile from Angel Stadium. Today, мÓÆÂÁùºÏ²ÊÏÂ×¢ 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 мÓÆÂÁùºÏ²ÊÏÂ×¢ Jersey Patch will be proudly featured on the sleeve of all on-field Angels players, manager and coaches’ jerseys. The мÓÆÂÁùºÏ²ÊÏÂ×¢ logo features a lone Cypress Tree, representing мÓÆÂÁùºÏ²ÊÏÂ×¢, 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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мÓÆÂÁùºÏ²ÊÏÂ×¢/RIS Branch #537
Denver, CO – RIS Titan
300 West 53rd Place, Suite J
Denver, CO 80216
±Ê³ó´Ç²Ô±ð:Ìý(720) 778-2828
Branch manager: Yvonne Anderson

Please join us in welcoming Titan to the мÓÆÂÁùºÏ²ÊÏÂ×¢/RIS Family, questions can be directed to Drew Everhart the Regional Vice President of RIS.

The post Acquisition of Titan Insulation Supply in Denver, CO appeared first on Foundation Building Materials - Construction Materials.

To Our Valued Customers,

Welcome to the home stretch for 2022. It has been another year filled with a range of unexpected issues which have surfaced within our industry, country, and in many cases the world.

Transportation and freight continue to be a challenge with diesel fuel staying around $6 per gallon and a depletion in supply causing concern. Driver shortages continue to plague all industries reliant on over-the-road trucking.

Single-family housing is under economic headwinds on many fronts. Mortgage Interest rates have risen quickly from under 3% to now sitting at north of 7%. These increases will surely continue to impact single-family housing permits, starts, and completions in nearly all markets. (Figure 1. U.S. New Residential Construction Trends). Supply chain issues have improved in the last six months for a range of building materials that were experiencing lengthy lead times earlier this year. There are still a few products that continue to be problematic. Labor shortages are prevalent in nearly all trades. Multi-family construction and commercial activity remain strong in most markets, however, the Architectural Billing Index (ABI), a clear indicator of demand for new non-residential projects, dropped to 47.7 in October after trending above 50 since February of 2021. While the lead time on commercial projects is significantly longer than single-family housing the same headwinds facing single family will likely impact commercial activity at some point in the future.

Figure 1. Current and Forecasted Construction in the U.S. (https://www.census.gov/construction/nrc/pdf/newresconst.pdf)

Figure 2. provides a useful summary view of the forecast for residential, non-residential, and non-building structures through 2026, including indicators for recession years. (FMI 2022 North American Engineering and Construction Outlook Fourth Quarter Edition, 2022).

Figure 2. Current and Forecasted Construction in the U.S.

Commentary By Major Product Category

Our view and outlook for the building materials industry by category for the end of 2022 and early 2023 are as follows.

Drywall – Most of the supply chain issues we have all experienced appear to be behind us, however one area still experiencing tight availability is the Southeast. Recently, a major drywall manufacturer notified us of a price increase, this could be a signal that others may follow. Glass-mat products continue to experience supply issues, primarily due to the limited availability of the facer component. We sense that glass-mat products will be in very tight supply throughout 2023. Wallboard pricing will moderate in 2023. We anticipate a first-quarter increase of around 10% to offset continued raw input increases, particularly in natural gas. The remainder of 2023 should see a very calm pricing environment.

Insulation – Availability has increased for insulation products. Fiberglass, mineral wool, and spray foam have all greatly improved shipping cycles in the last few months. Raw input costs, particularly natural gas, continue to cause prices to rise. Additionally, fiberglass and mineral wool increases have been announced for mid-December.

Joint Compound – Barring any unforeseen supply chain disruptions like the winter storm that struck the Houston metro area in 2021, joint compound should remain readily available throughout 2023. Drywall tape has been in short supply due to manufacturing issues and the major hurricane in Florida. This tightness in supply should be a short-term issue that will ease as we enter 2023.

Ceilings & Grid – Following unusually high increases in 2022, we expect pricing in this area to return to a normal cadence. Historically in this product category, a mid-single-digit increase in the first and second half of the year was typical. Our view is that 2023 will reflect a more historical pattern. Product availability is strong for this category.

Steel – Supply chain issues were the root cause of this category’s rapid rise in 2021-2022. In 2023, we expect this to change to a pattern of price moderation. Increased worldwide availability combined with weakened demand for automotive and appliance categories will likely cause construction steel products to experience some deflation in 2023, with availability returning to a normal cycle. According to the American Iron and Steel Institute (AISI), domestic steel output was 1,688,000 net tons in the week ending Oct. 15, with utilization running at about 76%. Some softening is showing, in which rates above 80% utilization are considered strong, and rates at the peak of demand were running at 85% for a 3-month period. (Clark Dietrich, Domestic Market Update Nov. 22).

Figure 3. Base Steel Price Trends (Clark Dietrich, Domestic Market Update Nov. 22).

EIFS/Stucco – Lead times have returned to a more normal cycle for EIFS and stucco products. With this category being heavily involved in the commercial and multi-family sectors, we anticipate a price increase of around 10% in February.

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. For example, the impacts in Florida associated with Hurricane Ian are a good reminder of how quickly a market can be disrupted by events beyond our control. We will strive to give you the most current information as we receive it.

Thank you for your business and continued support.

Sincerely,

Kirby Thompson
Chief Sales Officer

The post Building Materials Market Update – 4th Quarter 2022 appeared first on Foundation Building Materials - Construction Materials.