Lowe’s has agreed to acquire a building products company for $8.8 billion, the home improvement retailer announced Wednesday. Foundation Building Materials distributes framing, ceiling systems, commercial doors and hardware,

Lowe's faces falling sales post-pandemic but maintains strong margins and earnings through aggressive buybacks and M&A. Learn more on LOW stock here.

The acquisition will expand the Mooresville-based home improvement chain’s reach among its professional customers, Lowe’s said. FBM, based in Santa Ana, California, is a distributor of interior building products with over 370 locations across the U.S. and Canada.

Lowe’s posted second-quarter sales growth and raised its full-year outlook, shrugging off weaker DIY demand from a slow housing market and economic uncertainty.

Lowe's ( NYSE: LOW) announced the largest acquisition in the company's history with a deal to snap up Foundation Building Materials for $8.8 billion. The deal will be funded with a mix of short- and long-term debt, including $9 billion in committed bridge financing.

CHARLOTTE, NC / ACCESS Newswire / August 19, 2025 / Most Sunseeker Tech products, including the X7 Series of state-of-the-art robotic mowers, can now be purchased online as a part of the new partnership between Sunseeker Tech and Lowe’s.

Lowe's stock rose after second-quarter adjusted earnings topped expectations. The company is buying Foundation Building Materials for $8.8 billion.

The home-improvement retailer boosted its annual outlook, fueling a mode