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Lowe's buys Foundation Building Materials for $8.8 billion to boost professional customer sales.
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.
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.
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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Lowe's compra Foundation Building Materials por $8.8 mil millones para impulsar las ventas a clientes profesionales.