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Beacon Receives Early Termination Of HSR Waiting Period For Sale Of Interiors Business


Beacon Receives Early Termination Of HSR Waiting Period For Sale Of Interiors Business
WASHINGTON (dpa-AFX) - Beacon (BECN) has received early termination of the waiting period required under the HSR Act, in connection with the divestiture of its Interior Products business. In December, Beacon entered into a definitive agreement to sell its Interior Products business to affiliates of American Securities LLC.
Julian Francis, Beacon s CEO and President, said: We are very pleased to receive early
termination of the HSR waiting period for the sale of our Interiors business to
American Securities. We remain on schedule to close the transaction during our ....

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Global Motorcycle Cruise Control Industry (2020 to 2027) - Market Trends & Drivers - ResearchAndMarkets.com - Press Release


Global Motorcycle Cruise Control Industry (2020 to 2027) - Market Trends & Drivers - ResearchAndMarkets.com
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Global Motorcycle Cruise Control Market to Reach $487.4 Million by 2027
Amid the COVID-19 crisis, the global market for Motorcycle Cruise Control estimated at US$177.1 Million in the year 2020, is projected to reach a revised size of US$487.4 Million by 2027, growing at a CAGR of 15.6% over the period 2020-2027. ....

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Construction distribution giant sells interiors business for $850M


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Beacon, the largest publicly traded distributor of roofing
materials and building products in the United States, is selling its interior
products business to affiliates of American Securities LLC, a private equity
firm, for $850 million.
The business consists of 81 branch locations where Beacon
distributes construction products including wallboard, acoustical ceilings,
steel framing and insulation to both residential and commercial contractors.
The transaction expected to close during Beacon’s fiscal
2021 second quarter. The company intends to use the anticipated after-tax
proceeds of approximately $750 million from this divestiture to reduce net leverage
and strengthen its balance sheet.
“Today’s announcement represents an important strategic ....

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