IBP - Installed Building Products buys Central Aluminum Supply

Installed Building Products (NYSE:IBP) has acquired Central Aluminum Supply and Central Aluminum Supply of North Jersey (CAS); terms of the deal were not disclosed. Headquartered in Trenton, New Jersey, CAS distributes gutter supplies and accessories to residential, multifamily and commercial markets. The business generates ~$45M of annual distribution revenue. Commenting on the deal, IBP CEO Jeff Edwards stated, "To date in 2022, we have acquired approximately $54 million of annual revenue. Acquisitions remain a key component of our growth strategy and we continue to have a robust pipeline of opportunities across multiple geographies, products, and end markets."

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Installed Building Products buys Central Aluminum Supply