Reported 1 day ago
Installed Building Products, Inc. (IBP) has announced the acquisition of Carolina Precision Fibers ACP, LLC, which will strengthen its manufacturing capabilities in producing eco-friendly insulation products. This move is expected to improve IBP's access to materials used in residential and commercial applications, adding approximately $39 million in annual revenue from recent acquisitions. Despite challenges in housing affordability, IBP remains positive about long-term growth in the US housing market.
Source: YAHOO