#USA #Lowe's #Mooresville #FBM #Foundation Building Materials

Lowe's Companies, Inc. Finalizes Acquisition of Foundation Building Materials

On October 9, 2025, Lowe's Companies, Inc., famously known for its expansive home improvement services, confirmed the completion of its previously announced acquisition of Foundation Building Materials (FBM). FBM stands as a prominent player in the building materials and construction products distribution industry, boasting over 370 locations throughout the United States and Canada.

This strategic acquisition is poised to significantly bolster Lowe's offerings tailored to professional customers. By incorporating FBM's extensive product range and established reputation in the market, Lowe's intends to accelerate its growth in this vital sector.

Aiming to Upgrade Pro Services

Lowe's ambitious move is part of a broader strategy to enhance its services for professional customers. With projections estimating a $250 billion total addressable market, the acquisition of FBM is a crucial step in augmenting Lowe's comprehensive offerings. The merger promises to deliver an expanded product selection, faster fulfillment processes, improved digital tools, and a robust trade credit platform.

Marvin R. Ellison, Lowe's chairman, president, and CEO, emphasized the acquisition's importance, stating that they are committed to leveraging FBM's exemplary service track record. By marrying their resources with FBM’s, Lowe's aims to build a more powerful platform catering to homebuilders and further penetrate key geographic locations like California, the Northeast, and the Midwest.

Creating New Opportunities

The acquisition not only strengthens Lowe's position in the market but also opens up significant avenues for cross-selling, particularly with existing entities such as the recently acquired Artisan Design Group (ADG). By strategically aligning their resources, both companies are set to harness a wealth of opportunities and jointly cater to the growing demand for building materials.

Lowes anticipates that these consolidations will ultimately result in increased sustainability in sales and profitability, thus enhancing long-term shareholder value. This sentiment is echoed by Ellison, who conveyed optimism about their ability to capture the anticipated recovery in housing markets, which forecasts a need for around 16 million new homes in the U.S. by 2033.

Leadership Continuity at FBM

As part of the agreement, FBM will continue to be adeptly led by its founder, Ruben Mendoza, alongside a seasoned leadership group that collectively holds over 200 years of experience in the industry. This continuity is expected to maintain the high service standards that FBM is known for while integrating with Lowe's extensive operational framework.

Expert Advisory Teams Onboard

The acquisition process has seen guidance from experienced advisory teams. Goldman Sachs & Co. LLC and Centerview Partners LLC have provided financial advice to Lowe's, while Freshfields LLP has acted as Lowe's legal counsel. Meanwhile, RBC Capital Markets served as the sole financial advisor for FBM alongside legal support from Weil, Gotshal & Manges LLP.

A Strong Future Ahead

Lowe's Companies, Inc., a FORTUNE 100 entity, has historically thrived on a strong customer base through 1,700+ home improvement stores and a workforce exceeding 300,000 employees. With the completion of this strategic acquisition and their commitment to community engagement, Lowe's is well-positioned not just for immediate growth but also for sustainable long-term development, benefiting both their customers and stakeholders alike.

As Lowe's looks to the future, the synergy created between itself and FBM, alongside previous acquisitions, indicates a promising trajectory aimed at redefining their approach to home improvement and construction services for professionals across North America. For further information about Lowe's, visit their official website.

About FBM

Foundation Building Materials, established in 2011 with headquarters in Santa Ana, California, has rapidly ascended to a leading position in the distribution of building materials and construction products, dedicating itself to addressing the evolving demands of professional construction trades. More details regarding FBM can be accessed through their website.