Lowe’s Acquisition: Expanding Pro Market & Housing Recovery

Lowe's acquires FBM & Building Building Products to expand its Pro market reach, product selection, and capitalize on the expected housing recovery, aiming for sustainable sales and investor value.

” Completing the acquisition of FBM is an essential action in accelerating our Overall Home approach to serve huge Pro consumers within a $250 billion complete addressable market,” Lowe’s chief executive officer Marvin Ellison said in a declaration.

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Strategic Acquisition Benefits

“With these acquisitions, Lowe’s will be well-positioned to broaden our market penetration and take advantage of the expected healing in housing, with an estimated 16 million brand-new homes required in the U.S. by 2033,” Ellison stated. “By increasing our Pro infiltration, we likewise expect to drive more sustainable sales and revenue expansion and provide long-lasting investor value.”

Lowe’s stated FBM will supply its clients with an increased item selection, much faster gratification, boosted electronic devices and a profession credit report system. It likewise assists Lowe’s broaden its impact for pro customers by adding an existence in California, the Northeast and the Midwest.

Building Products Impact

Structure Building Products helps boost Lowe’s offering for its specialist customers. The firm has 370 places throughout the united state and Canada and is a representative of products like steel framework, insulation, ceiling systems, commercial doors and hardware.