SOURCE: US LBM Holdings, LLC

US LBM

SOURCE: Rosen Materials

Rosen Materials

September 28, 2015 10:08 ET

US LBM Enters Agreement to Acquire CEMEX USA's Gypsum Division in Florida & Alabama

Significantly Enhances the Ability to Service an Expanding Customer Base as the U.S. Housing Market Recovery Continues

SUNRISE, FL--(Marketwired - September 28, 2015) - US LBM Holdings, LLC ("US LBM") announces the acquisition of the gypsum dry wall business of CEMEX USA. General Manager, Bobby White, will remain along with his management team as their division joins the Rosen Materials business in Florida. The transaction is expected to close within the next few weeks.

CEMEX USA's Gypsum Supply Division operates 16 locations throughout Florida and an additional unit in Alabama. Specializing in the distribution of drywall, metal framing and acoustical ceiling products, the business to be acquired carries a full line of wall and ceiling related building materials including lath and trims, joint finishing compounds, finish sprays, fasteners, metal and plastic beads, stucco sand and cement, insulation, tools, and other related products.

"We're excited to join Rosen Materials and further expand our gypsum distribution capabilities in the Florida markets," said Bobby White, General Manager of CEMEX USA's Gypsum Division. "This transaction will ensure the Gypsum Division team's continued success with our customers, employees, and vendors for years to come."

"As the housing market continues to expand, Rosen Materials is committed to provide the best quality and most innovative building materials available," said Drew Rosen, President of Rosen Materials. "We are excited to add one of the industry's best teams from CEMEX which will enable Rosen to broaden its capacity to serve the professional contractor and homebuilder in our region."

Originally founded in 1996 by Drew Rosen, Rosen Materials began as a supplier of building materials in South Florida and Las Vegas, Nevada. Rosen quickly grew to become one of the largest privately held gypsum distributors in South Florida. Today, Rosen operates 19 locations across Florida, Georgia, Illinois, Nevada, and New Jersey supplying gypsum, metal framing, sheet goods, cabinets, baths, countertops, stucco, brick, stone, insulation, lumber, and other building materials. www.rosenmaterials.com

US LBM is a collection of leading building material distributors across North America operating 182 locations in 23 states. It is the 3rd largest building products distributor in the United States, and recipient of the 2015 ProSales Dealer of the Year award. US LBM implements the philosophy of local management and leadership to capitalize on the premier reputation of its operating companies and local customer relationships. www.uslbm.com

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