Beacon completes divestiture of interior products business

Herndon, va.--(business wire)--beacon (nasdaq: becn) (the “company”) announced today the successful completion of the previously announced sale of its interior products and insulation businesses (“interior products”) to foundation building materials (“fbm”), majority-owned by affiliates of american securities llc, a leading u.s. private equity firm. the cash sale price of $850 million is subject to certain net working capital and other adjustments. the interior products divestiture accelerates
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