Lowe’s Completes Acquisition of Foundation Building Materials to Strengthen Pro Customer Business

Group 1 - Lowe's Companies, Inc. has completed the acquisition of Foundation Building Materials, enhancing its position in the professional customer segment [2][3] - The acquisition is expected to expand product selection, improve order fulfillment, enhance digital capabilities, and introduce a trade credit platform, facilitating growth in key regions like California, the Northeast, and the Midwest [3][4] - This acquisition aligns with Lowe's strategy to create a comprehensive interior solutions platform for homebuilders, positioning the company to capitalize on housing market trends [4] Group 2 - Lowe's has a strong dividend history, having raised its dividend for 60 consecutive years, with a current quarterly dividend of $1.20 per share and a dividend yield of 1.98% as of October 16 [5]