Source: Reuters
“TopBuild Corp said on Wednesday it has acquired Specialty Products and Insulation (SPI) for $1 billion in cash, about a year after the two building materials makers terminated an initial agreement over antitrust concerns. Shares of the company rose more than 7% in morning trade. … TopBuild first agreed to acquire SPI in 2023 for $960 million, which was terminated after the Department of Justice raised concerns over the deal harming competition, opens new tab. The deal comes as the U.S. building products industry, which is fairly protected from tariffs due to local sourcing, undergoes rapid consolidation to capture demand for new homes and repair services.” (10/08/25)