Business
Foundation Building Materials, Building Products Distribution Company Owned By American Securities and CD&R, To Be Sold To Lowe's In $8.8 Billion Transaction
American Securities LLC ("American Securities") and CD&R today announced they have entered into a definitive agreement to sell Foundation Building Materials, Inc. ("FBM" or the "Company") to Lowe's Companies, Inc. ("Lowe's") (NYSE: LOW) for $8.8 billion.
About this update from Lowe's Companies, Inc.
[{"type":"text","content":"NEW YORK, Aug. 20, 2025 /PRNewswire/ -- American Securities LLC ("American Securities") and CD&R today announced they have entered into a definitive agreement to sell Foundation Building Materials, Inc. ("FBM" or the "Company") to Lowe's Companies, Inc. ("Lowe's") (NYSE: LOW) for $8.8 billion.","length":346,"tagName":"p"},{"type":"image","alt":"American Securities Logo","displaySize":"","headline":null,"caption":"American Securities Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":143,"url":"https://media.zenfs.com/en/prnewswire.com/4879883e4a2de916f7b709cee350113b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/CD6N.efOAn..Gh_9igdvZQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/4879883e4a2de916f7b709cee350113b","width":400,"height":143}},"href":"https://mma.prnewswire.com/media/2754268/American_Securities_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"FBM is a leading North American distributor of interior building products, including drywall, metal framing, ceiling systems, commercial doors and hardware, insulation and complementary products serving large residential and commercial professionals in both new construction and repair and remodel applications. Since 2011, FBM has grown organically and inorganically to become an industry leader, with a network of over 370 locations in the United States and Canada serving 40,000 Pro customers.","length":496,"tagName":"p"},{"type":"text","content":"Under the ownership of American Securities and CD&R, FBM has experienced a period of exceptional growth resulting in 27% per annum revenue growth and 31% per annum EBITDA growth. This momentum has been driven by both organic expansion and strategic transactions, including the acquisitions of Beacon Roofing Supply's interior products business, Marjam Supply Company, Unified Door & Hardware, and REW Materials. These acquisitions have improved the Company's competitiveness, broadened its product and service portfolio, and expanded its scope across key regions in North America. In addition, FBM has advanced long-term strategic goals, including launching a new e-commerce platform and digital application designed to deliver enhanced service for its customers...