Installed Building Products (IBP) Announces Acquisition of Carolina Precision Fibers ACP, LLC

Group 1 - Installed Building Products, Inc. (IBP) announced the acquisition of Carolina Precision Fibers ACP, LLC, enhancing its access to environmentally responsible insulation alternatives [1][2] - The acquisition is part of a broader strategy that includes three smaller acquisitions, contributing approximately $39 million in annual revenue to IBP in 2025 [2] - Despite challenges in housing affordability, the company remains optimistic about the long-term fundamentals of the US housing industry and its growth-focused capital allocation strategy [2] Group 2 - IBP is a significant player in the fiberglass insulation market, installing insulation in about 30% of all newly built homes in the US [3] - The company benefits from purchasing fiberglass at approximately 20% lower prices than smaller customers due to its large volume purchases [3] - The production of fiberglass requires continuous operation of manufacturing plants, which creates a dependency on large customers like IBP for efficient absorption of production volumes [3]