Lowe's to Acquire FBM in $8.8B Deal
Slice of Construction Team
08/29/2025
Key highlights
- $8.8B all-cash acquisition of Foundation Building Materials (FBM)
- FBM adds 370+ locations and $6.5B in revenue to Lowe’s network
- Move strengthens Lowe’s Pro customer offerings and Total Home strategy
- Acquisition expected to be accretive to EPS in the first full year
- FBM leadership to remain, led by CEO Ruben Mendoza
Source: Direct
Notable Quotes
“ With this acquisition, we are advancing our multi-year transformation of the Pro offering... FBM's scalable, multi-trade distribution platform and strong leadership combined with our recent acquisition of ADG will significantly enhance our Pro offering. ”
Marvin R. Ellison, Chairman, President & CEO at Lowe’s
“ Together with Lowe's complementary products and incredible brand, we'll offer a more comprehensive solution for Pro customers and accelerate growth. ”
Ruben Mendoza, President & CEO at FBM
Why This Matters
This acquisition marks a major step in Lowe's strategic shift toward strengthening its Pro segment, tapping into a $250 billion market. By integrating FBM's robust distribution platform and leadership team, Lowe's is poised to significantly enhance its service capabilities for professional contractors and large-scale construction projects. This move aligns with its broader Total Home strategy and reflects the company's commitment to delivering comprehensive solutions across the home improvement ecosystem.
