It significantly enhances Lowe's offering to Pro customers in the building materials sector, and serves as an answer to Home Depot's 2024 acquisition of SRS Distribution.
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With 45 branches across 23 states, REW Materials is a distributor of interior and exterior building materials, offering both specialty and commodity products.
FBM bought the New Jersey-based company from Dunes Point Capital.
Fellow private equity firm American Securities, which acquired FBM in 2021, retains a majority stake in the distributor.
FBM has acquired Stucco Master Supply and Tradewind Hawaii.
FBM's Acquisitions Include A&D Supply, Studs Unlimited, Henrietta Building Supplies and KCI Doors & Hardware.
The acquisition adds 32 locations to FBM's footprint.
The distributor says the ‘unanticipated rapid rise’ in fuel costs has pushed its suppliers to increase delivery charges.
