Lowe’s to buy Foundation Building Materials for about $8.8B
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Lowe’s has agreed to acquire a building products company for $8.8 billion, the home improvement retailer announced Wednesday. Foundation Building Materials distributes framing, ceiling systems, commercial doors and hardware,
Lowe's ( NYSE: LOW) announced the largest acquisition in the company's history with a deal to snap up Foundation Building Materials for $8.8 billion. The deal will be funded with a mix of short- and long-term debt, including $9 billion in committed bridge financing.