(Reuters) - Canadian chemical maker Superior Plus Corp (>> Superior Plus Corp.) 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 (>> Canexus Corp) 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.

(Reporting by Vishaka George in Bengaluru; Editing by Don Sebastian)

Stocks treated in this article : Canexus Corp, Superior Plus Corp.