Lowe’s completes $8.8bn acquisition of Foundation Building Materials

US-based home improvement retailer Lowe’s Companies has completed its acquisition of Foundation Building Materials (FBM), a distributor of building materials and construction products in the US and Canada. The $8.8bn deal was announced in August 2025. The acquisition will extend Lowe's services to professional customers, including an expanded product range, changes to fulfilment processes, and enhanced digital and trade credit systems. The deal will also increase Lowe’s presence in regions including Cal ...