CD&R Acquires Significant Stake in Foundation Building Materials
January 31, 2024
Funds managed by Clayton, Dubilier & Rice (CD&R) have acquired a significant ownership position in Foundation Building Materials, Inc. (FBM) from affiliates of American Securities, with American Securities retaining a majority stake. FBM, a leading North American distributor of specialty building products headquartered in Santa Ana, California, operates 300+ branches and employs more than 5,600 people; the investment will support the company’s continued growth, product/service expansion and digital initiatives.
- Buyers
- Clayton, Dubilier & Rice (CD&R)
- Targets
- Foundation Building Materials, Inc.
- Sellers
- Affiliates of American Securities
- Industry
- Building Products
- Location
- California, United States
- Transaction Type
- Growth capital
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