# American Securities to acquire Foundation Building Materials for $1.37 billion

Foundation Building Materials, Inc. entered into a definitive agreement to be acquired by an affiliate of American Securities LLC for $19.25 per share in cash, valuing the transaction at approximately $1.37 billion including debt.

- Type: Acquisition
- Announced: 2020-11-14
- Where: United States
- Value: $1.37B
- Status: announced
- Products: wallboard, suspended ceiling systems, metal framing
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [American Securities LLC](https://endata.com/companies/8969.md) (acquirer)
- [Foundation Building Materials](https://endata.com/companies/37174.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1688941/000162828020016457/pressrelease11152020.htm), 2020-11-15: "We are pleased to announce this transaction with American Securities, delivering immediate cash value to our shareholders at a significant premium."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1688941/000162828020016457/fbm-20201114.htm), 2020-11-16: "On November 14, 2020, Foundation Building Materials, Inc., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with ASP Flag Intermediate Holdings, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.