Lowe's announces agreement to acquire foundation building materials, a leading north american distributor of interior building products

--enhances offering for pro customers— --increases pro penetration1-- --positions company for long-term sustainable sales growth and profit expansion-- mooresville, n.c. , aug. 20, 2025 /prnewswire/ -- lowe's companies, inc. ("lowe's" or the "company") (nyse: low) today announced it has entered into a definitive agreement (the "agreement") to acquire foundation building materials ("fbm") for approximately $8.8 billion.
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