Lowe’s has successfully acquired Foundation Building Materials (FBM), a wholesale distributor of building materials and construction products. This comes about two months after the home improvement retailer announced it would be purchasing FBM for $8.8 million in August.

Lowe’s noted the acquisition’s success in a press release on Thursday, Oct. 9. This completed deal is expected to enhance its offerings to professional builders by providing a wider variety of products, faster fulfillment times, improved digital tools, and a robust trade credit platform.

“Completing the acquisition of FBM is an important step in accelerating our Total Home strategy to serve large Pro customers within a $250 billion total addressable market,” began Marvin. R. Ellison, Lowe’s chairman, president, and CEO,

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