Lowe’s will purchase interior building products distributor Foundation Building Materials (FBM) for approximately $8.8 billion. The acquisition is designed to strengthen Lowe’s professional customer offerings with faster fulfillment, improved digital tools and cross-selling opportunities between FBM and Lowe’s as well as the recently acquired Artisan Design Group, which Lowe’s purchased for $1.325 billion in April 2025.
FBM serves large residential and commercial pros in both construction and repair/remodel applications, distributing products including drywall, metal framing, ceiling systems, commercial doors and hardware, insulation and complementary products. Founded in 2011, FBM has built a network of more than 370 locations in the U.S. and Canada serving 40,000 professional customers.
“With this acquisition, we are advancing our multi-year transformation of the pro offering,” said Marvin Ellison, President, CEO and Chairman of Lowe’s in a statement. “It allows us to serve the large pro planned spend within a $250 billion total addressable market and aligns perfectly with our Total Home strategy.”
FBM President and CEO Ruben Mendoza and the company’s senior leadership team will continue to lead following the cash acquisition, which is expected to close in Q4.
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