All articles tagged with #foundation building materials
Lowe's has announced an $8.8 billion cash acquisition of Foundation Building Materials to expand its services for professional builders and contractors across North America, aiming to strengthen its market position and compete more effectively with Home Depot.
Lowe's has completed its acquisition of Foundation Building Materials for nearly $9 billion, expanding its offerings to professional builders with 370 locations across the US and Canada, aiming to enhance market penetration and serve the growing housing market.
Lowe's plans to acquire Foundation Building Materials for $8.8 billion to enhance its distribution capabilities, digital tools, and cross-selling opportunities, with the deal expected to close in late 2025.
Lowe's stock rose after announcing an $8.8 billion acquisition of Foundation Building Materials to accelerate its Total Home strategy and enhance its professional builder market segment, with the deal expected to close in Q4. The company also recently acquired Artisan Design Group, and its Q2 earnings exceeded expectations, prompting an upward revision of its full-year sales outlook. Analysts give Lowe's a Moderate Buy rating with a target price of $262.43.
Lowe's has announced a $8.8 billion agreement to acquire Foundation Building Materials, a leading North American distributor of interior building products, aiming to enhance its offerings for professional customers and drive long-term growth.