{"id":424591,"date":"2021-01-29T08:35:26","date_gmt":"2021-01-29T13:35:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=424591"},"modified":"2021-01-29T08:35:26","modified_gmt":"2021-01-29T13:35:26","slug":"foundation-building-materials-closes-transaction-with-american-securities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/","title":{"rendered":"Foundation Building Materials Closes Transaction with American Securities"},"content":{"rendered":"

<\/p>\n

Foundation Building Materials Closes Transaction with American Securities<\/b><\/p>\n

SANTA ANA, CA & NEW YORK, NY–(BUSINESS WIRE<\/a>)–
\nFoundation Building Materials, Inc. (\u201cFBM\u201d or the \u201cCompany\u201d), one of the largest specialty building product distributors of wallboard, suspended ceiling systems, metal framing, and complementary and other products in North America, and American Securities LLC, a leading U.S. private equity firm, announced today the closing of American Securities\u2019 acquisition of FBM.\n<\/p>\n

\n\u201cUnder private ownership, FBM will have greater flexibility to intensify its focus on serving customers across the U.S. and Canada,\u201d said Ruben Mendoza, President and CEO of FBM.\n<\/p>\n

\n\u201cWe have long admired FBM\u2019s talented team members and its track record of market leadership and growth,\u201d said Kevin Penn, a Managing Director of American Securities. \u201cWe are excited to work alongside management to help the Company execute its strategic plan and continue delivering high-quality products and service to its customers.\u201d\n<\/p>\n

About Foundation Building Materials
\n
<\/b>Foundation Building Materials, Inc. is a specialty building products distributor of wallboard, suspended ceiling systems, metal framing, and complementary and other products throughout North America. Based in Santa Ana, California, the Company employs more than 3,300 employees and operates more than 170 branches across the United States and Canada. Learn more at www.fbmsales.com<\/a> or follow us on LinkedIn, Twitter, Instagram, or Facebook.\n<\/p>\n

About American Securities
\n
<\/b>Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2.0 billion and\/or $50 million to $250 million of EBITDA. American Securities and its affiliates have approximately $23 billion under management. For more information, visit www.american-securities.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210129005326\/en\/<\/a><\/span><\/p>\n

FBM Contact Information
\n<\/b>
Investor Relations:
\n
Foundations Building Materials, Inc.
\n
Investors@fbmsales.com
\n<\/a>
657-900-3200\n<\/p>\n

\nMedia Relations:
\n
Abernathy MacGregor
\n
Jeremy Jacobs
\n
212-371-5999\n<\/p>\n

American Securities Contact Information
\n<\/b>
Amy Harsch
\n
aharsch@american-securities.com
\n<\/a>
212-476-8071\n<\/p>\n

KEYWORDS:<\/b> United States North America California New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Retail Other Construction & Property Residential Building & Real Estate Commercial Building & Real Estate Specialty Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Foundation Building Materials Closes Transaction with American Securities SANTA ANA, CA & NEW YORK, NY–(BUSINESS WIRE)– Foundation Building Materials, Inc. (\u201cFBM\u201d or the \u201cCompany\u201d), one of the largest specialty building product distributors of wallboard, suspended ceiling systems, metal framing, and complementary and other products in North America, and American Securities LLC, a leading U.S. private equity firm, announced today the closing of American Securities\u2019 acquisition of FBM. \u201cUnder private ownership, FBM will have greater flexibility to intensify its focus on serving customers across the U.S. and Canada,\u201d said Ruben Mendoza, President and CEO of FBM. \u201cWe have long admired FBM\u2019s talented team members and its track record of market leadership and growth,\u201d said Kevin Penn, a Managing Director of American … <\/p>\n

Continue reading “Foundation Building Materials Closes Transaction with American Securities”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-424591","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFoundation Building Materials Closes Transaction with American Securities - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foundation Building Materials Closes Transaction with American Securities - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Foundation Building Materials Closes Transaction with American Securities SANTA ANA, CA & NEW YORK, NY–(BUSINESS WIRE)– Foundation Building Materials, Inc. (\u201cFBM\u201d or the \u201cCompany\u201d), one of the largest specialty building product distributors of wallboard, suspended ceiling systems, metal framing, and complementary and other products in North America, and American Securities LLC, a leading U.S. private equity firm, announced today the closing of American Securities\u2019 acquisition of FBM. \u201cUnder private ownership, FBM will have greater flexibility to intensify its focus on serving customers across the U.S. and Canada,\u201d said Ruben Mendoza, President and CEO of FBM. \u201cWe have long admired FBM\u2019s talented team members and its track record of market leadership and growth,\u201d said Kevin Penn, a Managing Director of American … Continue reading "Foundation Building Materials Closes Transaction with American Securities"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-29T13:35:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210129005326r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Foundation Building Materials Closes Transaction with American Securities\",\"datePublished\":\"2021-01-29T13:35:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/\"},\"wordCount\":363,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210129005326r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/\",\"name\":\"Foundation Building Materials Closes Transaction with American Securities - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210129005326r1&sid=flmnd&distro=nx&lang=en\",\"datePublished\":\"2021-01-29T13:35:26+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210129005326r1&sid=flmnd&distro=nx&lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210129005326r1&sid=flmnd&distro=nx&lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-materials-closes-transaction-with-american-securities\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foundation Building Materials Closes Transaction with American Securities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Foundation Building Materials Closes Transaction with American Securities - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/","og_locale":"en_US","og_type":"article","og_title":"Foundation Building Materials Closes Transaction with American Securities - Market Newsdesk","og_description":"Foundation Building Materials Closes Transaction with American Securities SANTA ANA, CA & NEW YORK, NY–(BUSINESS WIRE)– Foundation Building Materials, Inc. (\u201cFBM\u201d or the \u201cCompany\u201d), one of the largest specialty building product distributors of wallboard, suspended ceiling systems, metal framing, and complementary and other products in North America, and American Securities LLC, a leading U.S. private equity firm, announced today the closing of American Securities\u2019 acquisition of FBM. \u201cUnder private ownership, FBM will have greater flexibility to intensify its focus on serving customers across the U.S. and Canada,\u201d said Ruben Mendoza, President and CEO of FBM. \u201cWe have long admired FBM\u2019s talented team members and its track record of market leadership and growth,\u201d said Kevin Penn, a Managing Director of American … Continue reading \"Foundation Building Materials Closes Transaction with American Securities\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-29T13:35:26+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210129005326r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Foundation Building Materials Closes Transaction with American Securities","datePublished":"2021-01-29T13:35:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/"},"wordCount":363,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210129005326r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/","name":"Foundation Building Materials Closes Transaction with American Securities - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210129005326r1&sid=flmnd&distro=nx&lang=en","datePublished":"2021-01-29T13:35:26+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210129005326r1&sid=flmnd&distro=nx&lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210129005326r1&sid=flmnd&distro=nx&lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-materials-closes-transaction-with-american-securities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Foundation Building Materials Closes Transaction with American Securities"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/424591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=424591"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/424591\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=424591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=424591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=424591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}