Installed Building Products, Inc. (NYSE: IBP), a prominent installer of insulation and related building materials, has announced its acquisition of Tatum Insulation III, LLC.
Significant data and essential insights
- Tatum provides installation services for a range of building products, including fiberglass insulation, shower doors, shelving units, mirrors, and additional interior elements for homes and buildings.
- “Tatum adds over $17 million of annual revenue to our business, giving us increased geographic exposure and the opportunity to deepen our presence with single-family, multi-family, and commercial customers throughout North Carolina,” stated Jeff Edwards, Chairman and Chief Executive Officer.
- Installed Building Products, Inc. (IBP) closed Monday’s regular trading session at $210.74, marking a 0.23 percent upturn, with a volume of 336.20 thousand shares.
