TopBuild begins trading on NYSE

TopBuild is making its debut on the New York Stock Exchange following its spinoff from parent company Masco.

As a separate company, TopBuild will both install and distribute insulation and other building products, holding the assets and operations of Masco's Installation and Other Services businesses.



“Last fall, we announced our plan to spin off TopBuild as part of our strategic initiatives to enhance shareholder value," said Masco president and CEO Keith Allman in a previous statement. "Under the leadership of Jerry Volas as its chief executive officer, I am confident that TopBuild is well positioned to operate as an independent public company. Following the spin-off, both TopBuild and Masco will have greater flexibility to focus on and pursue their respective growth strategies. For Masco, this is our ongoing commitment to create shareholder value by profitably growing in branded building products.”

TopBuild is now trading on the New York Stock Exchange under the symbol "BLD," effective July 1, 2015.