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Lowe's Acquires Foundation Building Materials for $8.8 Billion

1/2/2026

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Summary

Story summary

Lowe’s has finalized an $8.8 billion acquisition of Foundation Building Materials (FBM), expanding its presence in the home improvement sector.
FBM, founded in 2011 and based in California, operates over 370 locations in the U.S. and Canada.
The deal accelerates Lowe’s Total Home strategy by improving professional services through better product offerings and digital tools.
FBM will continue to operate separately under founder Ruben Mendoza.

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Story summary

Lowe’s has finalized an $8.8 billion acquisition of Foundation Building Materials (FBM), expanding its presence in the home improvement sector.
FBM, founded in 2011 and based in California, operates over 370 locations in the U.S. and Canada.
The deal accelerates Lowe’s Total Home strategy by improving professional services through better product offerings and digital tools.
FBM will continue to operate separately under founder Ruben Mendoza.