IDI Distributors, a national leader in residential and commercial insulation distribution based in Chanhassen, is celebrating its 40th year in business, according to a press release.
IDI was founded in 1979 and has grown to a national footprint with over 50 continental U.S. distribution centers. IDI has 450 employees and a network of 3,000 independent insulation contractors.
Chris Novogratz, son of IDI founder Joseph Novogratz, formally assumed the role of president of the company as of January, the release stated.
“Chris has been at my side for 23 years and has continually taken on additional responsibilities and helped propel the business’s growth," stated Joseph Novogratz, who will continue to serve as CEO.
Chris Novogratz said he’s honored to continue his father’s work. “I welcome this opportunity and look forward to an expanded leadership role as we all work together toward future growth," he stated.
Joseph Novogratz added that, 40 years ago, he couldn’t have imagined the size and level of success IDI would achieve. “It’s unbelievable,” he said. “I sincerely want to thank every person whose hard work and loyalty helped build the business over these many years.”
IDI also recently acquired Insulation Materials, based in Peoria, Illinois.
Insulation Materials, a thermal, moisture and sound control distributor, will operate as a division of IDI, now offering full lines of fiberglass, spray foam, equipment, and a wide inventory of insulation accessories.
The Peoria location adds to the more than 50 IDI Distributors locations.
"Insulation Materials is a customer focused company; one who works with its clients through the entire process, from selection through purchasing, to delivery and support," said President Chris Novogratz.
Insulation Materials will remain open in its Peoria location under the IDI Distributors name and will carry IDI’s full supply of insulation products, accessories, and support services.