Lowe’s Acquires Foundation Building Materials for $8.8 Billion
Lowe’s, the US home improvement retailer, has agreed to buy interior building products distributor Foundation Building Materials (FBM) for approximately $8.8 billion. The deal aims to bolster Lowe’s presence in the professional builder market, which serves contractors and builders. The acquisition is part of a trend among home improvement retailers, including Home Depot, to expand … Read more