06:33 AM EDT, 08/20/2025 (MT Newswires) -- Lowe's (LOW) said Wednesday it has agreed to acquire interior building product distributor Foundation Building Materials for about $8.8 billion in cash.

Lowe's expects to use short- and long-term debt to fund the deal, which is expected to close in Q4

The company said it expects the deal to be accretive to adjusted per-share earnings in the first full year, post-closing, excluding synergies.

Lowe's shares were up 4.1% in recent premarket activity.