Benzinga | Oct 6, 2021 04:16PM EDT

TopBuild Reports Purchase Of California Building Products, No Terms Disclosed

TopBuild Corp. (NYSE:BLD) a leading installer and distributor of insulation and building material products in the United States, has acquired California Building Products ("CBP"), a residential and light commercial insulation company serving Bakersfield, Modesto and Fresno, California. CBP generated approximately $18 million in revenue for the trailing twelve months ended June 30, 2021.

Robert Buck, President and CEO of TopBuild, noted, "California Building Products is a great addition to TopBuild, enhancing our residential presence in northern California. The leadership team of the company will remain in place, continuing to focus on growing this business, expanding the already solid customer base, and strengthening our operations in the region."

Year-to-date, TopBuild has completed seven acquisitions which are expected to generate almost $250 million of annual revenue.