Clayton, Dubilier & Rice, LLC acquired an unknown minority stake in Foundation Building Materials, Inc. from American Securities LLC on January 30, 2024. As part of the transaction, three CD&R professionals will join FBM?s Board of Directors. Chris Anthony, Uri Herzberg, Paul Bird, Jonathan Lewis, Kathleen Emberger, Scott Selinger, Erin Cleary, Henry Lebowitz, Edward Rishty, Timothy McIver, Anne-Mette Heemsoth, Zachary Saltzman, Tricia Bozyk Sherno, Erich Grosz and Stuart Hammer of Debevoise & Plimpton LLP served as legal advisor to CD&R. Michael Lubowitz, Ryan Taylor, Amanda Rotkel, Jonathan Macke, Andrew Colao, Heather Emmel, Evert Christensen and Jacqueline Oveissi of Weil, Gotshal & Manges LLP served as legal counsel to American Securities on the transaction. RBC Capital Markets LLC served as financial advisor to FBM.

Clayton, Dubilier & Rice, LLC completed the acquisition of an unknown minority stake in Foundation Building Materials, Inc. from American Securities LLC on January 30, 2024.