Overview

• Lowe's announced the deal alongside quarterly results that topped estimates and a higher full-year sales outlook, sending shares up about 3% in premarket trading.
• The acquisition is slated to close in the fourth quarter of 2025, subject to regulatory approvals.
• Foundation Building Materials serves roughly 40,000 professional customers through more than 370 locations in the U.S. and Canada, supplying drywall, metal framing, ceilings, doors and hardware.
• CEO Marvin Ellison said combining FBM with the recently closed Artisan Design Group acquisition will strengthen Lowe's offering for professional contractors.
• The move advances Lowe's push into the large professional builder market as rivals such as Home Depot pursue similar distributor purchases.