Installed Building Products, Inc. (IBP) has just announced the acquisition of Carolina Precision Fibers ACP, LLC (CPF), also known as Carolina Precision Fibers. CPF, located in Ronda, North Carolina, generates over $20 million in annual revenue and serves the northeast, Midwest, mid-Atlantic, and southeast regions of the United States.
This acquisition is expected to expand IBP's access to environmentally responsible and versatile products, including cellulose-based insulation for homes, hydromulch for erosion control, and composite materials for industrial applications. Jeff Edwards, the Chairman and CEO of IBP, highlighted that this expansion will provide an alternative to fiberglass insulation in residential applications and offer innovative solutions in commercial and industrial settings.
Including the CPF acquisition and three smaller acquisitions, IBP has achieved approximately $39 million in annual revenue in 2025. This represents a significant increase in revenue from these acquisitions compared to the previous period.
This move is part of IBP's strategy to enhance its manufacturing operations and increase direct access to materials used in its installation services, aiming to benefit business operations and financial results. The company has expressed a warm welcome to CPF as it joins the IBP team, signaling a positive outlook for the future of the combined entity. As a result of these announcements, the company's shares have moved 2.1% on the market, and are now trading at a price of $279.887. Check out the company's full 8-K submission here.
