According to Marketwatch.com, ABC Supply, headquartered in Beloit, Wisconsin announced Monday it has entered an agreement with USG Corporation to buy L&W Supply, located in Roselle, Illinois, from USG for $670 million in cash. The deal is expected to close before the end of 2016.
ABC Supply, one of the country's largest wholesale distributor of roofing, siding, windows and gutters, said the acquisition expands its business and offers the ability to provide materials on the interior of buildings as well. L&W is one of the largest distributors of gypsum wallboard and suspended ceiling tiles.
ABC has 600 branches and other facilities in 49 states. L&W has more than 140 distributors across the country.