By Nicholas G. Miller

TopBuild completed an acquisition of Specialty Products and Insulation for $1 billion in cash.

TopBuild, a specialty distributor of insulation products, said the acquisition of SPI, a distributor and fabricator of mechanical insulation, would give it a larger position in specialty distribution and extend its geographic footprint.

The company said it expected to achieve $35 million to $40 million in annual savings within two years through the merger.

SPI generated $700 million in revenue for the 12 months ended June 30.

The acquisition, which excludes SPI's metal building insulation business, closed on Tuesday.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

October 08, 2025 06:57 ET (10:57 GMT)

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