COLUMBUS, Ohio–(BUSINESS WIRE)–Installed Building Products, Inc.) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of Central Aluminum Supply Corporation and Central Aluminum Supply of North Jersey, LLC Established in 2004, CAS is headquartered in Trenton, New Jersey and is a distributor of gutter supplies and accessories to residential, multifamily and commercial markets, primarily in existing or retrofit construction projects across the U.S. Northeast and Mid-Atlantic.
“With approximately $45 million of annual distribution revenue, CAS has successfully grown its business independently and we support management’s continued effort to provide exceptional customer service while expanding into new markets,” stated Jeff Edwards, Chairman and Chief Executive Officer. “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. On behalf of everyone at Installed Building Products, I would like to welcome CAS onto our team.”
About Installed Building Products
Installed Building Products, Inc. is one of the nation’s largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Company manages all aspects of the installation process for its customers, from direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects in all 48 continental states and the District of Columbia from its national network of over 210 branch locations.
