{"id":382297,"date":"2020-11-16T16:33:29","date_gmt":"2020-11-16T21:33:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382297"},"modified":"2020-11-16T16:33:29","modified_gmt":"2020-11-16T21:33:29","slug":"installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\/","title":{"rendered":"Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position:inside; }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC<\/b><\/p>\n<p class=\"bwalignc\"><b>\u2013 Acquisition Adds Approximately $6.4 Million of Annual Revenue \u2013<\/b><\/p>\n<p>COLUMBUS, Ohio&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nInstalled Building Products, Inc. (the \u201cCompany\u201d or \u201cIBP\u201d) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of WeatherSeal Insulation Co., LLC (\u201cWeatherSeal\u201d). Founded in 1989, WeatherSeal is headquartered in Charlottesville, Virginia and primarily provides fiberglass and spray foam insulation services to residential customers.\n<\/p>\n<p>\n\u201cWith approximately $6.4 million of annual revenue, WeatherSeal expands our presence in Virginia,\u201d stated Jeff Edwards, Chairman and Chief Executive Officer. \u201cTo date in 2020, we have acquired over $100 million of annual revenues. Acquisitions remain a key component of our growth strategy and we continue to have a robust pipeline of acquisition opportunities across multiple geographies, products, and end markets. On behalf of everyone at Installed Building Products, I would like to welcome the WeatherSeal team onto our team.\u201d\n<\/p>\n<p><b>About Installed Building Products<\/b><\/p>\n<p>\nInstalled Building Products, Inc. is one of the nation&#8217;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 from its national network of over 180 branch locations.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of the federal securities laws, including with respect to\u202fthe housing market and the economy,\u202four financial and business model,\u202fthe demand for our services and product offerings, \u202fexpansion\u202fof our national footprint and end markets, diversification of our products, our ability to\u202fgrow and\u202fstrengthen our market position, our ability to pursue and integrate value-enhancing acquisitions, our ability to improve sales and profitability,\u202f and\u202fexpectations for demand for our services and our earnings in 2020. Forward-looking statements may generally be identified by the use of words such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;intends,&#8221; &#8220;plan,&#8221; and &#8220;will&#8221; or, in each case, their negative, or other variations or comparable terminology.\u202f These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Any forward-looking statements that we make herein and in any future reports and statements are not guarantees of future performance, and actual results may differ materially from those expressed in or suggested by such forward-looking statements as a result of various factors, including, without limitation,\u202fthe duration, effect and severity of the COVID-19 crisis; the adverse impact of the COVID-19 crisis on our business and financial results,\u202fthe economy and the markets we serve;\u202fgeneral economic and industry conditions, the material price environment;\u202fthe timing of increases in our selling prices, and\u202fthe factors discussed in the \u201cRisk Factors\u201d section of the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2019, as the same may be updated from time to time in our subsequent filings with the Securities and Exchange Commission.\u202f Any forward-looking statement made by the Company in this press release speaks only as of the date hereof. New risks and uncertainties arise from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201116006020r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201116006020\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201116006020\/en\/<\/a><\/span><\/p>\n<p>\nInvestor Relations:<br \/>\n<br \/>614-221-9944<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investorrelations@installed.net\">investorrelations@installed.net<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Virginia Ohio United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Other Construction &amp; Property Residential Building &amp; Real Estate Manufacturing Commercial Building &amp; Real Estate Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201116006020\/en\/655073\/3\/IBP_%28002%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC \u2013 Acquisition Adds Approximately $6.4 Million of Annual Revenue \u2013 COLUMBUS, Ohio&#8211;(BUSINESS WIRE)&#8211; Installed Building Products, Inc. (the \u201cCompany\u201d or \u201cIBP\u201d) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of WeatherSeal Insulation Co., LLC (\u201cWeatherSeal\u201d). Founded in 1989, WeatherSeal is headquartered in Charlottesville, Virginia and primarily provides fiberglass and spray foam insulation services to residential customers. \u201cWith approximately $6.4 million of annual revenue, WeatherSeal expands our presence in Virginia,\u201d stated Jeff Edwards, Chairman and Chief Executive Officer. \u201cTo date in 2020, we have acquired over $100 million of annual revenues. Acquisitions remain a key component of our growth strategy and we continue &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-382297","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC \u2013 Acquisition Adds Approximately $6.4 Million of Annual Revenue \u2013 COLUMBUS, Ohio&#8211;(BUSINESS WIRE)&#8211; Installed Building Products, Inc. (the \u201cCompany\u201d or \u201cIBP\u201d) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of WeatherSeal Insulation Co., LLC (\u201cWeatherSeal\u201d). Founded in 1989, WeatherSeal is headquartered in Charlottesville, Virginia and primarily provides fiberglass and spray foam insulation services to residential customers. \u201cWith approximately $6.4 million of annual revenue, WeatherSeal expands our presence in Virginia,\u201d stated Jeff Edwards, Chairman and Chief Executive Officer. \u201cTo date in 2020, we have acquired over $100 million of annual revenues. Acquisitions remain a key component of our growth strategy and we continue &hellip; Continue reading &quot;Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T21:33:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201116006020r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC\",\"datePublished\":\"2020-11-16T21:33:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\\\/\"},\"wordCount\":688,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201116006020r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\\\/\",\"name\":\"Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC - 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(the \u201cCompany\u201d or \u201cIBP\u201d) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of WeatherSeal Insulation Co., LLC (\u201cWeatherSeal\u201d). Founded in 1989, WeatherSeal is headquartered in Charlottesville, Virginia and primarily provides fiberglass and spray foam insulation services to residential customers. \u201cWith approximately $6.4 million of annual revenue, WeatherSeal expands our presence in Virginia,\u201d stated Jeff Edwards, Chairman and Chief Executive Officer. \u201cTo date in 2020, we have acquired over $100 million of annual revenues. Acquisitions remain a key component of our growth strategy and we continue &hellip; Continue reading \"Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-16T21:33:29+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201116006020r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC","datePublished":"2020-11-16T21:33:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\/"},"wordCount":688,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201116006020r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/installed-building-products-announces-the-acquisition-of-weatherseal-insulation-co-llc\/","name":"Installed Building Products Announces the Acquisition of WeatherSeal Insulation Co., LLC - 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