TopBuild Acquires Insulating Products
January 06 2022 - 7:00AM
TopBuild Corp. (NYSE:BLD) a
leading installer and specialty distributor of insulation and
building material products to the North American construction
industry, has acquired Insulating Products, Inc., a residential and
light commercial insulation distribution company headquartered in
Lewisville, Texas with additional facilities in Houston, San
Antonio, Oklahoma City and Wichita. Insulating Products was founded
in 2003 and generated approximately $11 million in revenue for the
trailing twelve months ended September 30, 2021.
Robert Buck, President and CEO of TopBuild,
noted, “Insulating Products will enhance the strength of our
specialty distribution business as it brings a strong and
long-standing customer base and expands our geographic presence in
the high growth Southwest region.”
About TopBuildTopBuild Corp.,
headquartered in Daytona Beach, Florida, is a leading installer and
specialty distributor of insulation and building material products
to the North American construction industry. We provide insulation
solutions and building material installation services through
TruTeam which has approximately 235 branches. We distribute
building insulation and building product materials for the
residential and commercial end-markets through Service Partners and
mechanical insulation and other specialty products for the
commercial and industrial end-markets through Distribution
International. Our specialty distribution network encompasses 175
branches. To learn more about TopBuild please visit our website at
www.topbuild.com.
Safe Harbor StatementThis press release
contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act. These forward-looking
statements may address, among other things, our expected financial
and operational results and the related assumptions underlying our
expected results. These forward-looking statements are
distinguished by use of words such as “will,” “would,”
“anticipate,” “expect,” “believe,” “designed,” “plan,” or “intend,”
the negative of these terms, and similar references to future
periods. These views involve risks and uncertainties
that are difficult to predict and, accordingly, our actual results
may differ materially from the results discussed in our
forward-looking statements. Our forward-looking
statements contained herein speak only as of the date of this press
release. Factors or events that we cannot predict, including
those described in the risk factors contained in our filings with
the Securities and Exchange Commission, may cause our actual
results to differ from those expressed in forward-looking
statements. Although TopBuild believes the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, the Company can give no assurance that its
expectations will be achieved and it undertakes no obligation to
update any forward-looking statements as a result of new
information, future events, or otherwise, except as required by
applicable law.
Investor Relations and Media
ContactTabitha
Zanetabitha.zane@topbuild.com386-763-8801
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