On October 9, 2025, the Company completed the acquisition of FBM for an aggregate cash purchase price of $8.8 billion
FBM strengthens the Company's Total Home strategy by expanding our offerings to Pro customers through enhanced capabilities, faster fulfillment, improved digital tools, a robust trade credit platform, and significant cross-selling opportunities between FBM and Lowe's
On June 2, 2025, the Company completed the acquisition of ADG, a leading nationwide provider of design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertops, to national, regional and local home builders and property managers, for an aggregate cash purchase price of $1.3 billion
FBM operations are organized into two lines of business: Ceilings and Wall Systems and Commercial Doors and Hardware; ADG is deemed a separate operating segment, referred to as Interior Finishes
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