Author: Evan Dion

Foundation Building Materials Divests Mechanical Insulation Business For $122.5 Mln

Foundation Building Materials (FBM), a specialty distributor of wallboard, suspended ceiling systems and mechanical insulation, said early Thursday that it has entered into a definitive agreement to sell its Mechanical Insulation segment to an affiliate of Dunes Point Capital, LP, for $122.5 million, subject to customary closing conditions. The transaction is expected to close in Q4. The company said that […]