TopBuild Corp. (BLD) announced the mutual termination of its agreement to acquire Specialty Products and Insulation. Effective April 22, 2024, the companies withdrew their Hart-Scott Rodino filings. TopBuild paid a termination fee of $23 million.
Robert Buck, President and CEO of TopBuild, stated that over recent months, the company has cooperatively explored alternatives, aligned with the Department of Justice's narrow view of the metal building insulation (MBI) business. However, as the parties couldn't reach mutually acceptable terms, both parties agreed to terminate the transaction.
In July 2023, TopBuild agreed to acquire Specialty Products & Insulation in an all-cash transaction valued at $960 million.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.