American Securities has closed its acquisition of publicly traded Foundation Building Materials (FBM), a distributor of building products, in an all-cash transaction valued at approximately $1.4 billion. FBM’s products include wallboard, suspended ceiling systems, metal framing, insulation, stucco, fasteners, drywall and power tools, doors and frames. Dallas-based Lone Star Funds acquired FBM in 2015 and…...
