STOCK TITAN

LOWE'S COMPLETES ACQUISITION OF FOUNDATION BUILDING MATERIALS

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)

Lowe's (NYSE: LOW) completed its acquisition of Foundation Building Materials (FBM) on Oct. 9, 2025, adding an industry-leading building materials distributor with over 370 locations across the U.S. and Canada.

The deal is intended to expand Lowe's Pro product assortment, speed fulfillment, improve digital tools, and provide a trade credit platform. Management expects the acquisition, together with Artisan Design Group, to strengthen Lowe's Pro footprint in key geographies (California, the Northeast, Midwest) and support growth opportunities within a $250 billion total addressable market.

FBM leadership, led by founder Ruben Mendoza, will remain in place; financial and legal advisors were disclosed.

Lowe's (NYSE: LOW) ha completato l'acquisizione di Foundation Building Materials (FBM) in data 9 ottobre 2025, aggiungendo un distributore di materiali da costruzione leader del settore con oltre 370 sedi negli Stati Uniti e in Canada.

L'operazione è finalizzata ad espandere la gamma di prodotti Pro di Lowe's, accelerare le consegne, migliorare gli strumenti digitali e fornire una piattaforma di credito commerciale. La direzione prevede che l'acquisizione, insieme all'Artisan Design Group, rafforzi la presenza di Lowe's Pro in geografie chiave (California, Northeast, Midwest) e sostenga opportunità di crescita all'interno di un mercato totale indirizzabile di 250 miliardi di dollari.

La leadership di FBM, guidata dal fondatore Ruben Mendoza, rimarrà al suo posto; sono stati resi noti i consulenti finanziari e legali.

Lowe's (NYSE: LOW) completó la adquisición de Foundation Building Materials (FBM) el 9 de octubre de 2025, añadiendo un distribuidor líder de materiales de construcción con más de 370 sucursales en EE. UU. y Canadá.

El acuerdo busca ampliar la oferta de productos Pro de Lowe's, acelerar el cumplimiento, mejorar las herramientas digitales y proporcionar una plataforma de crédito comercial. La dirección espera que la adquisición, junto con Artisan Design Group, fortalezca la presencia de Lowe's Pro en geografías clave (California, el noreste, el medio oeste) y apoye oportunidades de crecimiento dentro de un mercado total direccionable de 250 mil millones de dólares.

La dirección de FBM, liderada por el fundador Ruben Mendoza, permanecerá en el cargo; se divulgaron los asesores financieros y legales.

Lowe's (NYSE: LOW)는 Foundation Building Materials(FBM)을 2025년 10월 9일에 인수 완료하여 미국과 캐나다에 걸친 370개 이상의 업계 선도 자재 유통업체를 추가했습니다.

이번 거래는 Lowe's Pro의 제품 구색을 확장하고, 주문 처리 속도를 높이며, 디지털 도구를 개선하고, 무역 신용 플랫폼을 제공하는 것을 목표로 합니다. 경영진은 Artisan Design Group과의 인수 합병이 Lowe's Pro의 보급을 주요 지역(California, Northeast, Midwest)에서 강화하고, 2500억 달러 규모의 총 서비스 가능한 시장(TAM) 내에서 성장 기회를 지원할 것으로 기대합니다.

설립자 Ruben Mendoza가 이끄는 FBM 리더십은 자리를 유지할 것이며, 재무 및 법률 자문가가 공개되었습니다.

Lowe's (NYSE: LOW) a finalisé l'acquisition de Foundation Building Materials (FBM) le 9 octobre 2025, ajoutant un distributeur de matériaux de construction de premier plan avec plus de 370 sites aux États-Unis et au Canada.

Cette opération vise à étendre l'assortiment de produits Pro de Lowe's, accélérer l'exécution des commandes, améliorer les outils numériques et fournir une plateforme de crédit commerciale. La direction estime que l'acquisition, conjointement avec Artisan Design Group, renforcera l'empreinte Lowe's Pro dans des zones géographiques clés (Californie, le Northeast, le Midwest) et soutiendra les opportunités de croissance sur un marché total adressable de 250 milliards de dollars.

La direction de FBM, dirigée par le fondateur Ruben Mendoza, restera en place; les conseillers financiers et juridiques ont été rendus publics.

Lowe's (NYSE: LOW) hat die Übernahme von Foundation Building Materials (FBM) am 9. Oktober 2025 abgeschlossen und damit einen führenden Distributor von Baumaterialien mit über 370 Standorten in den USA und Kanada hinzugefügt.

Die Vereinbarung zielt darauf ab, das Pro-Produktportfolio von Lowe's zu erweitern, die Auftragsabwicklung zu beschleunigen, digitale Werkzeuge zu verbessern und eine Handelskreditplattform bereitzustellen. Die Geschäftsführung geht davon aus, dass die Akquisition zusammen mit Artisan Design Group Lowe's Pro-Fußabdruck in wichtigen Regionen (Kalifornien, Nordost, Midwest) stärkt und Wachstumschancen in einem 250-Milliarden-Dollar Gesamtadressierbaren Markt unterstützt.

FBM-Führung, angeführt vom Gründer Ruben Mendoza, bleibt an Bord; Finanz- und Rechtsberater wurden bekannt gegeben.

Lowe's (NYSE: LOW) أكملت استحواذها على Foundation Building Materials (FBM) في 9 أكتوبر 2025، مضيفة موزع مواد بناء رائد في الصناعة مع أكثر من 370 موقعًا عبر الولايات المتحدة وكندا.

تهدف الصفقة إلى توسيع تشكيلة منتجات Lowe's Pro، وتسريع التنفيذ، وتحسين الأدوات الرقمية، وتوفير منصة ائتمان تجاري. وتتوقع الإدارة أن يعزز الاستحواذ، بجانب Artisan Design Group، حضور Lowe's Pro في مناطق رئيسية (كاليفورنيا، الشمال الشرقي، الغرب الأوسط) ويدعم فرص النمو ضمن سوق إجمالي قابل للخدمة بقيمة 250 مليار دولار.

سيبقى قادة FBM، بقيادة المؤسس روبين مندوزا، في مناصبهم؛ تم الكشف عن المستشارين الماليين والقانونيين.

Lowe's (NYSE: LOW) 已于 2025年10月9日 完成对 Foundation Building Materials (FBM) 的收购,新增一家在美国和加拿大拥有超过 370 家门店 的行业领先建筑材料分销商。

此次交易旨在扩展 Lowe's Pro 的产品线、加快履约、改进数字工具,并提供一个贸易信用平台。管理层预计此次收购与 Artisan Design Group 一同,将巩固 Lowe's Pro 在关键区域(加利福尼亚州、东北部、美国中西部)的覆盖,并在 2500亿美元 的可服务市场(Total Addressable Market)内支持增长机会。

FBM 的领导层,由创始人 Ruben Mendoza 领导,将继续留任;已披露其财务和法律顾问信息。

Positive
  • Acquisition completed adding over 370 locations
  • Expanded Pro footprint in California, Northeast, Midwest
  • Improved fulfillment, digital tools, and trade credit platform
  • Leadership continuity with founder Ruben Mendoza retained
Negative
  • None.

Insights

Lowe's completed the acquisition of Foundation Building Materials, materially expanding Pro distribution and cross-selling reach.

Lowe'sFoundation Building Materials with over 370 locations and retained FBM leadership, which immediately increases Lowe's Pro footprint and product assortment. The deal explicitly targets faster fulfillment, improved digital tools, and a trade credit platform to serve larger professional customers within a stated $250 billion total addressable market.

The strategic upside depends on successful integration of operations, digital systems, and credit capabilities while preserving FBM's customer relationships and leadership continuity. Execution risks include operational integration, channel overlap, and realizing cross-selling without disrupting FBM's service model; those dependencies are stated in the announcement and merit close attention.

Watch concrete milestones: integration of fulfillment and digital tools, rollout of the trade credit platform, and any measured expansion of Pro penetration in California, the Northeast, and the Midwest. Expect relevant updates over the next 12–36 months and monitor reported synergies, leadership retention, and service KPIs through 2033 as the company references long‑term housing demand (an estimated $250 billion TAM and 16 million new homes by 2033).

MOORESVILLE, N.C., Oct. 9, 2025 /PRNewswire/ -- Lowe's Companies, Inc. ("Lowe's" or the "Company") (NYSE: LOW) today announced that the Company has completed its previously announced acquisition of Foundation Building Materials ("FBM"), an industry-leading building materials and construction products distribution company with over 370 locations across the United States and Canada.

The acquisition of FBM is expected to enhance Lowe's offering to Pro customers through an expanded product assortment, faster fulfillment, improved digital tools, and a robust trade credit platform. It will provide Lowe's with significant growth opportunities to expand our Pro footprint, given its complementary presence in key geographies like California, the Northeast and the Midwest. It also creates significant cross-selling opportunities between FBM and Lowe's as well as the recently acquired Artisan Design Group ("ADG").

"Completing the acquisition of FBM is an important step in accelerating our Total Home strategy to serve large Pro customers within a $250 billion total addressable market. We would like to extend a warm welcome to the FBM team, and we look forward to building on their proven track record of profitable growth," said Marvin. R. Ellison, Lowe's chairman, president, and CEO. "Together with our recent acquisition of ADG, we are creating a comprehensive interior solutions platform to better serve the homebuilder. With these acquisitions, Lowe's will be well-positioned to expand our market penetration and capitalize on the expected recovery in housing, with an estimated 16 million new homes needed in the U.S. by 2033. By expanding our Pro penetration, we also expect to drive more sustainable sales and profit expansion and deliver long-term shareholder value."

As previously announced, FBM will continue to be led by its founder, Ruben Mendoza, and its senior leadership team with over 200 years of combined industry experience. Together with Lowe's, the FBM team will remain dedicated to delivering outstanding service for their Pro customers.

Advisors
Goldman Sachs & Co. LLC and Centerview Partners LLC are acting as financial advisors to Lowe's. Freshfields LLP is acting as legal advisor to Lowe's. RBC Capital Markets is acting as sole financial advisor to FBM. Weil, Gotshal & Manges LLP is acting as legal advisor to FBM.

About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.

About FBM
Founded in 2011 and headquartered in Santa Ana, California, FBM is an industry-leading building materials and construction products distribution company. With over 370 locations across the U.S. and Canada, FBM has an expansive North American reach with a mission to serve the changing needs of the professional construction trades. For more information, visit www.fbmsales.com.

Disclosure Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as "believe", "expect", "anticipate", "plan", "desire", "project", "estimate", "intend", "will", "should", "could", "would", "may", "strategy", "potential", "opportunity", "outlook", "scenario", "guidance", and similar expressions are forward-looking statements. Forward-looking statements involve, among other things, expectations, projections and assumptions about future financial and operating results, objectives (including objectives related to environmental and social matters), business outlook, priorities, sales growth, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for products and services including customer acceptance of new offerings and initiatives, macroeconomic conditions and consumer spending, share repurchases and Lowe's strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. Such statements involve risks and uncertainties, and we can give no assurance that they will prove to be correct. Actual results may differ materially from those expressed or implied in such statements.

A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, the possibility that the anticipated benefits and synergies of the transaction are not realized when expected, or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of changes in general economic conditions, such as volatility and/or lack of liquidity from time to time in U.S. and world financial markets and the consequent reduced availability and/or higher cost of borrowing to Lowe's and its customers, slower rates of growth in real disposable personal income that could affect the rate of growth in consumer spending, inflation and its impacts on discretionary spending and on our costs, shortages and other disruptions in the labor supply, interest rate and currency fluctuations, home price appreciation or decreasing housing turnover, age of housing stock, the availability of consumer credit and of mortgage financing, trade policy changes or additional tariffs, outbreaks of pandemics, fluctuations in fuel and energy costs, inflation or deflation of commodity prices, natural disasters, geopolitical or armed conflicts, acts of both domestic and international terrorism, and other factors that can negatively affect our customers.

Investors and others should carefully consider the foregoing factors and other uncertainties, risks and potential events including, but not limited to, those described in "Item 1A - Risk Factors" in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A in our quarterly reports on Form 10-Q or other subsequent filings with the SEC. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law.

LOW-IR

Contacts:

Shareholder/Analyst Inquiries:

Media Inquiries: 


Kate Pearlman

Steve Salazar 


704-775-3856

steve.j.salazar@lowes.com


kate.pearlman@lowes.com


 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lowes-completes-acquisition-of-foundation-building-materials-302579636.html

SOURCE Lowe's Companies, Inc.

FAQ

When did Lowe's complete the acquisition of Foundation Building Materials (LOW)?

Lowe's completed the acquisition on October 9, 2025.

How many locations does FBM add to Lowe's Pro network after the LOW acquisition?

FBM adds over 370 locations across the United States and Canada.

What strategic benefits does the FBM acquisition bring to Lowe's (LOW)?

The deal expands Pro product assortment, speeds fulfillment, enhances digital tools, and adds a trade credit platform.

Will FBM leadership remain after Lowe's acquisition of FBM (LOW)?

Yes. FBM will continue to be led by founder Ruben Mendoza and its senior leadership team.

How does the FBM acquisition fit into Lowe's Total Home strategy (LOW)?

The acquisition aims to accelerate the Total Home strategy by expanding Pro penetration and cross-selling with Artisan Design Group.

Who advised Lowe's and FBM on the transaction announced Oct. 9, 2025 (LOW)?

Lowe's advisors included Goldman Sachs and Centerview Partners; FBM's advisor was RBC Capital Markets.
Lowes Companies

NYSE:LOW

LOW Rankings

LOW Latest News

LOW Latest SEC Filings

LOW Stock Data

134.54B
560.13M
0.12%
79.17%
1.41%
Home Improvement Retail
Retail-lumber & Other Building Materials Dealers
Link
United States
MOORESVILLE