MOORESVILLE, North Carolina — Lowe’s Companies announced it has entered into a definitive agreement to acquire Foundation Building Materials (FBM) for approximately $8.8 billion. FBM is a leading North American distributor of interior building products. …Since 2011, FBM has grown to a network of over 370 locations in the United States and Canada serving 40,000 Pro customers. In 2024, on a pro forma basis, FBM generated approximately $6.5 billion in revenue. FBM is expected to accelerate Lowe’s Total Home strategy by enhancing its offering to Pro customers through expanded capabilities, faster fulfillment, improved digital tools, a robust trade credit platform, and significant cross-selling opportunities between FBM and Lowe’s as well as the recently acquired Artisan Design Group. …Ruben Mendoza and the senior leadership team will continue to lead FBM… and collaborate closely with Lowe’s for their Pro customers.