IBP - Installed Building Products scoops up AMD Distribution; terms undisclosed

AMD Distribution has eight locations, including three bonded warehouses, generating approximately $71 million of annual revenue across 21 states throughout the Midwest and Mountain West. AMD distributes products and materials used in installing spray foam insulation, metal building insulation, residential insulation, and mechanical and fabricated Styrofoam insulation in new construction projects. The commercial terms were not disclosed. AMD’s scale and experience serving core insulation markets provide IBP with a distribution platform, which diversifies IBP's revenue mix, end-markets, and geographic footprint. Installed Building Products (NYSE:IBP) expects the acquisition will be immediately accretive to earnings.

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Installed Building Products scoops up AMD Distribution; terms undisclosed