Lowe’s, a national home improvement chain, has finalized an agreement to acquire the company Foundation Building Materials for about $8.8 billion, according to a Lowe’s statement.

Since 2011, Foundation Building Materials has expanded its network to more than 370 locations in the United States and Canada.

It is a leading distributor of interior building products, including drywall, metal framing, ceiling systems, insulation, commercial doors and hardware, according to Lowe’s statement.

The acquisition will accelerate its “Total Home Strategy” by expanding its offerings to customers, according to the statement.

By combining FBM capabilities — such as a robust trade credit platform, improved digital tools and faster fulfillment — with Lowe’s existing products and services from its rece

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