L&W Supply to Acquire Assets of Builders FirstSource Inc. Eastern U.S. Gypsum Distribution Operations
L&W Supply Corporation has entered into a definitive agreement to acquire the assets of the stand-alone Eastern U.S. Gypsum Distribution Operations (Eastern Gypsum Operations) from Builders FirstSource, Inc. (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.
L&W Supply will acquire all the assets of Eastern Gypsum Operations, assume the real estate leases for those operations and hire substantially all the employees at its locations. The acquired assets will operate as L&W Supply. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2021. The sale price of the transaction is not disclosed.