The deal with Foundation Building Materials comes about two months after the retailer closed on its acquisition of Artisan Design Group.

The acquisition will expand the Mooresville-based home improvement chain’s reach among its professional customers, Lowe’s said. FBM, based in Santa Ana, California, is a distributor of interior building products with over 370 locations across the U.S. and Canada.

Increases Pro Penetration1----Positions Company for Long-Term Sustainable Sales Growth and Profit Expansion-- MOORESVILLE, N.C., Aug. 20, 2025 /PRNewswire/ -- Lowe's Companies, Inc. ("Lowe's" or the "Company") (NYSE: LOW) today announced it has entered into a definitive agreement (the "Agreement") to acquire Foundation Building Materials ("FBM") for approximately $8.