Installed Building Products Announces Acquisition of BDI Insulation in the Western United States
BDI is primarily an installer of fiberglass insulation serving select
"The acquisition of BDI presents a unique opportunity for us to grow our
Company through a highly complementary business with strong local brands
and exceptional customer loyalty," stated
BDI has a proven operating history in its markets with strong customer relationships and an established reputation for quality service and innovative installation services. The addition of BDI further strengthens IBP's presence in existing markets and enhances its market opportunity in new markets. The Company intends to immediately begin integrating these acquired operations and assets onto its national platform.
This press release contains forward-looking statements within the meaning of the federal securities laws, including with respect to the impact of the acquisition on and its contributions to our operations. Forward-looking statements may generally be identified by the use of words such as "anticipate," "believe," "expect," "intends," "plan," and "will" or, in each case, their negative, or other variations or comparable terminology. 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. As a result, actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by the Company in this press release speaks only as of the date hereof. New risks and uncertainties come up 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.
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