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,
The deal with Foundation Building Materials comes about two months after the retailer closed on its acquisition of Artisan Design Group.
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.