American Securities lines up $850M carveout
December 23, 2020- Share:
American Securities has agreed to buy the interior products business of Beacon for $850 million in cash. The unit, which includes 81 locations that sell construction products to residential and commercial customers, generated more than $1 billion in sales and logged a net loss of $11 million during its fiscal 2020. Beacon is a Virginia-based distributor of roofing materials and related building products that was founded in 1928.
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