Clayton, Dubilier & Rice has acquired a significant ownership position in Foundation Building Materials Inc. from affiliates of American Securities.
FBM is a distributor of specialty building products. American Securities will continue to own a majority stake in FBM.
Founded in 2011, FBM operates in over 300 locations and serves a diverse customer base of more than 40,000 residential, non-residential and specialty contractors and homebuilders throughout the U.S. and Canada. Its products include gypsum wallboard, suspended ceiling systems, metal framing and other construction materials. In 2021, FBM was acquired by American Securities and has since grown organically and through strategic acquisitions, including its combination with Beacon’s interior products and insulation businesses.