Beacon To Divest Interior Products Business

Beacon will sell its interior products business, consisting of 81 branch locations where it distributes construction products including wallboard, acoustical ceilings, steel framing, and insulation to both residential and commercial contractors, to affiliates of American Securities LLC, a U.S. private equity firm. The transaction will substantially accelerate its efforts to improve its balance sheet, reduce net leverage, and provide the financial flexibility to pursue strategic growth initiatives in its core exteriors business. The interior products divestiture allows it to focus entirely on driving growth and profitability in its core exteriors business.