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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

TopBuild Closes $1 Billion SPI Deal, Extends Lead In Mechanical Insulation

SPI TopBuild BLD
TopBuild Corp.

TopBuild Corp. (NYSE:BLD) on Wednesday announced that it has finalized its purchase of Specialty Products and Insulation, better known as SPI, for approximately $1 billion in cash.

The deal, completed on October 7, bolsters TopBuild's standing as a dominant player in mechanical insulation and specialty distribution across North America.

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