Lowe’s plans to shell out billions to buy a building materials company.

The company announced last week that it has agreed to pay $8.8 billion to acquire Foundation Building Materials, a distributor of interior building products, including drywall, metal framing, ceiling systems and commercial doors.

California-based Foundation Building Materials was founded in 2011 and has more than 370 locations in the United States and Canada.

Lowe’s said the acquisition will allow the company to complete fulfillment faster and improve its digital tools. The company said it will also provide cross-selling opportunities between the two companies, as well as Artisan Design Group, which it recently acquired.

The Artisan Design Group is a provider of design, distribution, and installation services for i

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