智通财经APP获悉，劳氏公司(LOW.US)于本周完成此前宣布的对Foundation Building Materials(以下简 称"FBM")的收购交易，这也是该公司有史以来规模最大的一笔收购。 收购对劳氏的战略价值 FBM在美国和加拿大拥有超过370家经营网点，服务约4万名专业客户，产品涵盖干墙、隔热材料、金 属框架、吊顶系统、商用门窗、五金件及配套建筑材料。2024年，该公司实现营收65亿美元，调整后息 税折旧摊销前利润(adjusted EBITDA)达6.35亿美元。 此次收购FBM，预计将通过扩大产品品类、加快履约速度、优化数字工具及搭建完善的行业信贷平 台，提升劳氏对专业客户(Pro customers)的服务能力。 这家家居建材巨头表示，FBM在加利福尼亚州、东北部及中西部等关键地区的业务布局与劳氏形成互 补，将为其带来显著增长机遇，助力扩大专业客户业务的市场覆盖范围。 此外，此次收购还被认为能在FBM、劳氏以及近期收购的Artisan Design Group(以下简称"ADG")之间创 造大量交叉销售机会。 劳氏首席执行官马文·埃里森(Marvine Ellison)强调："通过这些收 ...

Group 1 - Lowe's announced an $8.8 billion acquisition of Foundation Building Materials (FBM), marking the largest acquisition in the company's history [1] - The transaction will be financed through a mix of short-term and long-term debt, including a $9 billion bridge loan commitment [1] - FBM operates over 370 locations in the U.S. and Canada, serving approximately 40,000 professional customers with a projected revenue of $6.5 billion and adjusted EBITDA of $635 million in 2024 [1] Group 2 - The acquisition is expected to contribute to profit growth in the first fiscal year post-closing, with Lowe's leverage ratio anticipated to rise to 3.4-3.5 times upon completion [1] - Analysts from Wall Street reacted positively, noting the urgency of mergers in the professional distribution market as companies seek to expand market size and build differentiated capabilities [1][2] - The strategic expansion into the complex professional market is expected to enhance Lowe's fulfillment capabilities, product offerings, digital tools, and trade credit platform, with significant cross-selling opportunities [2]

Group 1 - The core point of the news is that Lowe's has announced an $8.8 billion acquisition of Foundation Building Materials (FBM), marking the largest acquisition in the company's history [1] - The transaction will be financed through a mix of short-term and long-term debt, including a $9 billion bridge loan commitment [1] - FBM operates over 370 locations in the U.S. and Canada, serving approximately 40,000 professional customers with a projected revenue of $6.5 billion and adjusted EBITDA of $635 million in 2024 [1] Group 2 - Analysts from Wall Street reacted positively, noting the urgency of mergers and acquisitions in the professional distribution market as companies seek to expand market size and build differentiated capabilities [2] - The acquisition is expected to enhance Lowe's capabilities in the new construction and renovation sectors, providing faster fulfillment, a richer product line, upgraded digital tools, and a robust trade credit platform [2] - The deal is anticipated to create significant cross-selling opportunities and potential cost synergies, with Lowe's likely to pursue further complementary acquisitions in the future [2]

Group 1 - Traditional industries in China have a solid foundation, complete systems, and strong capabilities, indicating a thriving market with vast growth potential [1] - Despite pressures from the real estate market adjustment, many traditional industry companies, such as Beixin Building Materials, are innovating to transform challenges into opportunities, showcasing resilience and a proactive spirit [1] Group 2 - The demand for urban infrastructure upgrades, such as the renovation of approximately 600,000 kilometers of gas and drainage pipelines over the next five years, is expected to generate an investment demand of around 4 trillion yuan, benefiting industries like steel, building materials, and engineering machinery [2] - Upgrading consumer demands, driven by rising living standards, is creating new market opportunities for traditional industries, requiring them to adapt to new functional and aesthetic needs [2] Group 3 - The rapid advancement of technology in Chinese manufacturing is enabling previously unattainable designs and functionalities, with companies leveraging new technologies for product innovation and efficiency [3] - The integration of traditional and emerging industries, along with the push for intelligent transformation, is facilitating cost reductions and efficiency improvements, allowing traditional industries to thrive and evolve [3] - Traditional industries are seen as the foundation of manufacturing, with the potential for new growth through proactive engagement with emerging demands and innovations [3]