Taylor-based Masco Corp., a manufacturer of branded building products, today announced it will spin-off its installation service business and rebrand it as TopBuild.
“We are excited about our new name and identity, which reflect our commitment to deliver the highest quality installation services and products, and demonstrate our team’s commitment to enhancing our strong relationships with our customers and suppliers, which include many of the nation’s leading manufacturers of building products,” says Jerry Volas, incoming CEO of TopBuild.
The new independent publicly-traded TopBuild will be separated from Masco upon completion of the spin-off and will be comprised of Masco Contractor Services, an installation installer, and Service Partners, a distributor of residential insulation products. These combined businesses reported revenue of $1.5 billion in 2014.
TopBuild will have nearly 200 installation branches across the U.S., along with 70 distribution centers. The company will be headquartered in Florida.
After completion of the spin-off, Masco Contractor Services will operate under a new name — TruTeam. Service Partners will remain under its current name.