L&W Supply Corporation has finalized its purchase of the assets of the Eastern U.S. Gypsum Distribution Operations of Builders FirstSource, Inc. L&W Supply is a specialty distributor for drywall, ceilings, steel framing and other building materials used by commercial and residential specialty contractors.
L&W Supply acquired all the assets of Eastern Gypsum Operations, assumed the real estate leases for those operations and hired substantially all the employees at its locations. The acquired assets n operate as L&W Supply. The transaction is expected to close in the third quarter of 2021. The sale price of the transaction is not disclosed.
Eastern Gypsum Operations consists of 21 facilities located throughout the northeast and southeast U.S. L&W Supply will be adding 12 new distribution branches and acquire the gypsum operations assets and personnel from an additional nine shared Builders FirstSource locations, which will move to an existing nearby L&W Supply yard. L&W Supply will provide the employees and customers of Eastern Gypsum Operations with a reliable partner in the space that can provide both employment opportunities and high-quality service.
