Lowe’s Acquires FBM for $8.8B

Lowe’s Companies has completed its acquisition of Foundation Building Materials (FBM) in a transaction valued at approximately $8.8 billion, marking one of the largest recent moves in the building materials distribution space. FBM is a major North American supplier of interior construction products, including drywall, metal framing, ceiling systems, doors, hardware, insulation, and related materials. FBM operates more than 370 branches across the United States and Canada.