July 5 (Reuters) - Canadian chemical maker Superior Plus
Corp SPB.TO said it was selling its construction products
distribution business for $325 million to reduce debt and focus
on its other businesses.
Superior Plus, which scrapped the takeover of rival Canexus
Corp CUS.TO last week, said on Tuesday it would pursue
acquisitions to expand its business.
The Toronto-based company, which also has energy
distribution and specialty chemicals businesses, said the sale
of the construction products unit to California-based Foundation
Building Materials LLC is expected to close in the second half
of 2016.