Installed Building Products Announces the Acquisition of Carolina Precision Fibers ACP, LLC DBA Carolina Precision Fibers

(NYSE:IBP) COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Carolina Precision Fibers ACP, LLC (“CPF”) doing business as Carolina Precision Fibers. Located in Ronda, North Carolina, CPF manufactures cellulose-based insulation for homes, hydromulch for erosion control, and composite materials used in industrial applications. The company