Columbus, Ohio-based Installed Building Products Inc. purchased Alpine Insulation Co. Inc., of Sheboygan, Wisc., for an undisclosed price, reports David Schuyler of the Milwaukee Business Journal.

With 2015 revenue of $663 million, Installed Building Products is the nation's second-largest insulation installer for the residential new construction market, the company said. Last year, Alpine Insulation had sales of about $23.9 million, according to Jeff Edwards, chairman and CEO of Installed Building Products.

“Alpine represents a compelling opportunity for us to enhance our presence in Wisconsin through a complementary business with strong local brands, exceptional customer loyalty and a strong management team,” Edwards said in a press release.

Read more >