The Riverside Company completed the acquisition of PFB or $178m.

The Riverside Company, a private equity firm, completed the acquisition of PFB, a building materials producer, or $178m. "The PFB Board conducted an exhaustive sale process and considered several proposals from interested parties and believes that the Riverside transaction offers PFB the best alternative to realize its full potential. We believe that this agreement with Riverside offers Shareholders an attractive valuation and premium to the recent trading price of the Shares and provides PFB the opportunity to more effectively pursue the long-term investment and growth strategy of the Company across North America," C. Alan Smith, PFB Chairman.