BRIEF-Superior Plus to sell construction products distribution business for $325 mln
July 5 (Reuters) - Superior Plus Corp :
* To sell construction products distribution business to Foundation Building Materials, LLC
* Transaction will also initially result in a reduction of superior's adjusted operating cash flow from date sale is completed
* Proposed reduction of indebtedness under credit facility is expected to lower co's leverage ratio to range of about 2.0 - 2.5x EBITDA
* Superior plus to sell construction products distribution business for us $325 million
* Proceeds from sale of CPD segment will initially be used to repay indebtedness under superior's credit facility Source text for Eikon: Further company coverage:
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