Foundation Building Materials, Inc. announced the pricing of its initial public offering of 12,800,000 shares of its common stock, all of which are being offered by the Company, at a price of $14.00 per share (before underwriting discounts and commissions). The Company’s sole stockholder, an affiliate of Lone Star Funds, has granted the underwriters an option to purchase up to an additional 1,920,000 shares of common stock at the initial public offering price. The shares will begin trading tomorrow on the New York Stock Exchange under the symbol “FBM” and the offering is expected to close on February 15, 2017.

Deutsche Bank Securities, Barclays and RBC Capital Markets are acting as joint book-running managers for the offering and representatives of the underwriters, and Citigroup is acting as a book-running manager for the offering. Baird is acting as lead manager for the offering and Raymond James, Stephens Inc., SunTrust Robinson Humphrey and William Blair are acting as co-managers.

About Foundation Building Materials

Foundation Building Materials is a specialty distributor of wallboard and suspended ceiling systems throughout the U.S. and Canada. Based in Tustin, California, the Company employs more than 3,400 people and operates more than 200 branches across the U.S. and Canada.

About Lone Star

Lone Star is a private equity firm that invests globally in real estate, equity, credit and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized seventeen private equity funds (the “Funds”) with aggregate capital commitments totaling over $70 billion. The limited partners of the Funds include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high net worth individuals.