American Securities to acquire an interior products business of Beacon Roofing Supply for $850m.

American Securities, a US private equity firm, agreed to acquire an interior products business of Beacon Roofing Supply, a distributor of commercial and residential roofing products, for $850m. “After undertaking a thorough analysis, we determined that a divestiture of Interior Products is in the best interests of our shareholders, as well as our Interiors customers and associates. This transaction will substantially accelerate our efforts to improve our balance sheet, reduce net leverage and provide the financial flexibility to pursue strategic growth initiatives in our core exteriors business to drive shareholder value. We are excited about our start to fiscal 2021, especially the growth we are seeing in residential roofing sales. The Interior Products divestiture will allow us to focus entirely on driving growth and profitability in our core exteriors business,” Julian Francis, Beacon President and Chief Executive Officer.