06 May NEWPOINT ADVISES CANADIAN BUILDING PRODUCTS DISTRIBUTOR IN SALE TO PUBLIC US STRATEGIC BUYER
NewPoint was retained by Builders’ Supplies Limited II (“Builders”) as its exclusive financial advisor to facilitate a sale of the Company. NewPoint advised Builders in a highly targeted and confidential divestiture, and played a key role in the evaluation, negotiation and closing of the sale process. Foundation Building Materials Inc. (NYSE: FBM), a US-based building materials distributor with operations across North America, acquired Builders to expand its geographic footprint in Canada.
Builders is a leading Canadian distributor of industrial and commercial building materials with three locations in the Greater Toronto Area. The Company has an eighty-five year track record in providing quality building materials in addition to outstanding customer service