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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.
Foundation Building Materials (FBM) closed the acquisition of Associated Drywall Suppliers, an independent distributor of drywall and ceiling systems in the greater Louisville, Kentucky market.
Foundation Building Materials closed the acquisition of Builders' Supplies Ltd., an independent distributor of drywall, steel framing, ceiling tile and grid with three branches in the Greater Toronto Area. Terms were not disclosed.