US: Lowe's Companies Inc. has announced that it has acquired Foundation Building Materials (FBM), a wholesale distributor of building materials and construction products. The deal, which went through on 9 October 2025, came about two months after Lowe’s announced it had agreed to purchase FBM for US$8.8bn in August 2025.
Lowe's said in a press release that the completed deal is expected to enhance the company's offerings to professional builders by providing a wider variety of products, faster fulfilment times, improved digital tools and a robust trade credit platform.
FBM currently has 370 locations across the US and Canada and serves about 40,000 customers. It primarily sells to construction professionals and not the general public, meaning this acquisition won't significantly affect regular Lowe's customers. FBM supplies building materials, including wallboard, plaster, stucco and more.
