Lowe’s Companies, Inc. announced on 2025‑10‑10 that it has completed the acquisition of Foundation Building Materials (FBM), a leading North American distributor of interior building products, in a transaction valued at approximately $8.8 billion.
The deal adds more than 370 distribution locations across the United States and Canada, giving Lowe’s a robust network that serves 40,000 professional customers. FBM’s presence in key markets such as California, the Northeast and the Midwest complements Lowe’s existing footprint and expands its Pro offering into a $250 billion total addressable market.
Lowe’s CEO Marvin R. Ellison said the acquisition “is an important step in accelerating our Total Home strategy to serve large Pro customers.” The addition of FBM’s product assortment, faster fulfillment, digital tools and trade‑credit platform is expected to drive sustainable sales growth and profit expansion, positioning Lowe’s to capitalize on the projected 16 million new homes needed in the U.S. by 2033.
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