Installed Building Products Acquires Carolina Precision Fibers for $20M Annual Revenue

Installed Building Products has acquired Carolina Precision Fibers ACP, LLC, a manufacturer of cellulose-based insulation, hydromulch, and composite materials. The acquisition expands IBP's access to environmentally responsible products and increases its direct access to materials used in its installation services. Including previously announced acquisitions, IBP has acquired approximately $39 million in annual revenue in 2025.

Installed Building Products, Inc. (IBP) has announced the acquisition of Carolina Precision Fibers ACP, LLC (CPF), a manufacturer of cellulose-based insulation, hydromulch, and composite materials. The acquisition, valued at over $20 million in annual revenue, expands IBP's access to environmentally responsible products and increases its direct access to materials used in its installation services.

Located in Ronda, North Carolina, CPF specializes in manufacturing cellulose-based insulation for homes, hydromulch for erosion control, and composite materials used in industrial applications. The company has a service area reaching the Northeast, Midwest, Mid-Atlantic, and Southeast regions of the United States. IBP's existing manufacturing operations in Bucyrus, Ohio, will benefit from CPF's product offerings, providing an alternative to fiberglass insulation in residential applications and several innovative commercial and industrial applications.

Jeff Edwards, Chairman and Chief Executive Officer of IBP, stated, "We are pleased to announce the acquisition of CPF. With our existing manufacturing operations at Advanced Fiber Technology in Bucyrus, Ohio, CPF expands our access to an environmentally responsible and versatile product, which serves as an alternative to fiberglass insulation in residential applications and several innovative commercial and industrial applications as well. We believe increasing our direct access to material used in our installation service is beneficial to both business operations and financial results."

Including previously announced acquisitions, CPF, and three smaller acquisitions, IBP has acquired approximately $39 million in annual revenue to date in 2025. On behalf of everyone at Installed Building Products, Mr. Edwards welcomed CPF onto their team.

This acquisition aligns with IBP's strategy to diversify its product offerings and expand its national footprint. The company has been actively pursuing value-enhancing acquisitions to strengthen its market position and improve sales and profitability. Forward-looking statements suggest that IBP expects to continue its acquisition strategy, aiming to acquire at least $100 million in annual revenue in 2025.

References:
[1] https://www.stocktitan.net/news/IBP/installed-building-products-announces-the-acquisition-of-carolina-4269ecnvxqr0.html
[2] https://www.stocktitan.net/news/IBP/