Lowe's Buying Foundation Building Materials for About $8.8B
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Lowe’s has agreed to acquire a building products company for $8.8 billion, the home improvement retailer announced Wednesday. Foundation Building Materials distributes framing, ceiling systems, commercial doors and hardware,
Increases Pro Penetration1----Positions Company for Long-Term Sustainable Sales Growth and Profit Expansion-- MOORESVILLE, N.C., Aug. 20, 2025 /PRNewswire/ -- Lowe's Companies, Inc. ("Lowe's" or the "Company") (NYSE: LOW) today announced it has entered into a definitive agreement (the "Agreement") to acquire Foundation Building Materials ("FBM") for approximately $8.