HERNDON Va. — Beacon is selling its interior product business, consisting of 81 branch locations, to affiliates of American Securities Inc. The $850 million transaction is expected to close during Beacon’s fiscal 2021 second quarter, subject to regulatory approvals.
“Today’s announcement represents an important strategic decision for Beacon,” said Julian Francis, Beacon president and CEO. “After undertaking a thorough analysis, we determined that a divestiture of Interior Products is in the best interests of our shareholders, as well as our Interiors customers and associates.”