Beacon Completes Interior Products Divestiture

Beacon has successfully completed the previously announced sale of its interior products and insulation businesses to Foundation Building Materials (FBM), majority-owned by affiliates of American securities LLC, a U.S. private equity firm. The divestiture accelerates the company’s ongoing efforts to improve its financial flexibility and enhances its ability to pursue strategic growth initiatives in its core exteriors business. For FBM, the transaction expands its presence in many markets throughout the U.S. and provides opportunities to drive revenue and profit growth while delivering meaningful long-term benefits to its customers, vendors, and employees.