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flag Lowe's buys Foundation Building Materials for $8.8 billion to boost professional customer sales.

flag Lowe's, a major home improvement retailer, is acquiring Foundation Building Materials for $8.8 billion to expand its offerings to professional customers and enhance its presence in the contractor market. flag Foundation Building Materials, known for distributing interior building products across over 370 locations in the U.S. and Canada, will help Lowe's improve its supply chain and product range. flag The acquisition, expected to close by the end of the year, is financed through a mix of short- and long-term debt.

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