Lowe's to acquire Foundation Building Materials from American Securities and CD&R for $8.8bn.

Lowe's, an American retail company specializing in home improvement, agreed to acquire Foundation Building Materials, a North American distributor of interior building products, from American Securities, and CD&R, two private equity firms, for $8.8bn. "Working alongside American Securities and CD&R has been incredible. With their support, we have been able to accelerate growth, expand our capabilities, and improve our position, all while staying true to our values and culture. I am immensely grateful for what our team has accomplished and am excited about the opportunities ahead as we join forces with Lowe's," Ruben Mendoza, Foundation Building Materials CEO.