Lowe’s closes on deal to acquire Foundation Building Materials

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Lowe’s has closed on its deal to acquire Foundation Building Materials. The acquisition was announced in late August, and the company at the time said it was valued at about $8.8 billion. Foundation Building Materials helps bolster Lowe’s offering for its professional customers. The company has 370 locations across the U.S. and Canada and is a distributor of products l ...