Benzinga | Jan 6, 2022 11:53AM EST

TopBuild Acquires Insulating Products For Undisclosed Sum

* TopBuild Corp (NYSE:BLD) has acquired Insulating Products, Inc., a residential and light commercial insulation distribution company headquartered in Lewisville, Texas. Deal terms were not disclosed.

* Insulating Products has additional facilities in Houston, San Antonio, Oklahoma City, and Wichita and generated ~$11 million in revenue for the trailing twelve months ended September 30, 2021.

* "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," said CEO Robert Buck.

* TopBuild held cash and equivalents of $327.9 million as of September 30, 2021.

* Price Action: BLD shares are trading higher by 0.22% at $265.03 on the last check Thursday.