Installed Building Products Announces Acquisition Of Interior 2000 Products, LLC; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Installed Building Products (IBP) has announced the acquisition of Interior 2000 Products, LLC. The acquisition is expected to add approximately $6 million of annual revenue to IBP. The terms of the deal were not disclosed.
August 28, 2023 | 8:09 pm
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The acquisition of Interior 2000 Products by IBP is expected to boost its annual revenue by approximately $6 million. The financial terms of the deal were not disclosed.
Acquisitions generally have a positive impact on the acquiring company's stock as they can lead to increased revenues and market share. In this case, the acquisition is expected to add approximately $6 million to IBP's annual revenue, which is a positive development for the company. However, the lack of disclosed financial terms makes it difficult to fully assess the potential impact on the company's financials.
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