Foundation Building Materials to Sell Mechanical Insulation Business to Dunes Point Capital for $122.5 Million
Transaction Highlights Net proceeds of approximately $116.0 million will be used to pay down debt Enhances long-term profitability Divestment of non-core asset TUSTIN, Calif.–(BUSINESS WIRE)– Foundation Building Materials, Inc. (“FBM” or the “Company”) (NYSE:FBM), announced that it has entered into a definitive agreement to sell its Mechanical Insulation segment to an affiliate of Dunes Point […]