Twelve years ago, Foundation Building Materials first opened its doors at a single location about a mile from Angel Stadium. Today, FBM is headquartered in Santa Ana, California, and has grown into a building materials industry leader with more than 270 locations across North America.
FBM has entered into a definitive agreement under which an affiliate of American Securities will acquire all outstanding shares of FBM for $19.25 per share in an all-cash transaction valued at approximately $1.37 billion, including outstanding debt.