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.

Targets
Foundation Building Materials, Inc.
Sellers
Affiliates of American Securities
Location
California, United States
Transaction Type
Growth capital

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