National home improvement chain Lowe’s recently finalized a multi-billion dollar deal to acquire one of its competitors, Foundation Building Materials. These are the 3 takeaways from the original article .

1. Lowe’s Finalizes an $8.8 Billion Acquisition

Lowe’s has completed its purchase of Foundation Building Materials (“FBM”), a California-based competitor, in a deal valued at $8.8 billion. FBM is a significant player in the construction industry, operating as a leading distribution company for building materials and construction products with a network of more than 370 locations throughout the United States and Canada. The company was founded in 2011.

The acquisition brings a wide range of specialized products under the Lowe’s umbrella, targeting the professional construction mark

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