The company said the acquisition would allow it to expand its services for professional contractors and builders.

Lowe’s announced it has completed its $8.8 billion purchase of a building material distributor that will benefit the company’s Pro customers. The agreement for Lowe’s to buy Foundation Building Materials was finalized in October, Lowe’s announced in a news release. Lowe’s first announced its would go forward with buying FBM in late August.

Home improvement retailer Lowe’s $8.8 billion agreement to acquire competitor Foundation Building Materials is expected to help the company expand operations and improve its strategy. FBM is a building materials and construction products distribution company that has more than 370 locations in the U.S. and Canada.

The Home Depot, Inc. HD and Lowe’s Companies, Inc. LOW are key players in the home improvement retail sector, serving both do-it-yourself (DIY) customers and professional contractors. Home Depot, with a market capitalization of around $355 billion,

Earlier this year, national home improvement chain Lowe’s finalized an $8.8 billion deal to acquire one of its competitors, California-based Foundation Building Materials (“FBM”). The move is one of two major acquisitions made by the company in 2025 designed to expand its reach and offerings to customers.

Feb 23 (Reuters) - Lowe's Cos Inc (LOW.N), opens new tab on Wednesday raised its full-year sales and profit forecasts and offered an optimistic outlook for home improvement demand in the United States in the face of rising mortgage rates. A strong U.S ...

In the first report of its financial health under a new CEO Wednesday, Mooresville-based Lowe’s laid out a number of initiatives it’s planning to shape up its business, including cutting down on certain slow-moving inventory, selling a California chain ...

Lowe's results are highly dependent on the larger economy. It's pushing to sell more to professional contractors. The end of the year brings joy to many as people celebrate the holidays. In between parties and family gatherings,

Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market. This article is more than 4 years old. "Consumers used home improvement to reclaim feelings of normalcy and ...

A leader in the home improvement industry has closed its second major acquisition this year — here's what it means for shoppers.