Clayton, Dubilier & Rice completed the acquisition of a minority stake in Foundation Building Materials from American Securities.

Clayton, Dubilier & Rice, an American private equity company, completed the acquisition of a minority stake in Foundation Building Materials, a specialty building products distributor, from American Securities, an American private equity firm. Financial terms were not disclosed. “We are pleased to welcome CD&R as an investment partner alongside American Securities. CD&R has a longstanding track record of investing in and growing market-leading building products distribution companies like ours with an approach to value creation that is very much aligned with FBM’s guiding values and operating principles. American Securities has been a trusted partner to FBM, and shares in the broader FBM team’s excitement to have CD&R on board as we deepen our commitments to our FBM colleagues and customers and continue to build a successful business over the long-term,” Ruben Mendoza, Foundation Building Materials President and CEO.