Lowe’s closes on its largest acquisition ever as it looks to boost its Pro business
Oct. 10, 2025 6:44 AM ETLowe’s Companies, Inc. (LOW) StockHDBy: Clark Schultz, SA News Editor
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Lowe’s Companies (NYSE:LOW) closed on its previously announced acquisition of Foundation Building Materials this week.
Foundation Building Materials operates more than 370 locations across the United States and Canada, serving about 40,000 professional customers with products including drywall, insulation, metal framing, ceiling systems, commercial doors, hardware, and
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The acquisition will expand Lowe’s product assortment, speed up fulfillment, improve digital tools, and provide a robust trade credit platform for Pro customers.
Lowe’s expects significant growth by expanding its Pro footprint, particularly in key geographies, and through cross-selling, bolstered by anticipated housing market recovery.
The improved platform is expected to help Lowe’s better compete with Home Depot by offering new construction and R&R customers superior services and product range.
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