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Innovative Chemical Products Acquires Benefect, a Leading Supplier of Botanical Disinfectants

With the acquisition, ICP Group expands ICP Building Solutions Group’s portfolio into sustainable, naturally derived antimicrobial and cleaning applications. 

ANDOVER, Mass. – March 13, 2019 – Innovative Chemical Products (ICP Group) today announces the acquisition of Benefect, a world-recognized leader in next-generation botanical antimicrobials.

Benefect, a producer of disinfectant and cleaning supplies for the environmental remediation industry, is an important addition to ICP Building Solutions Group’s (BSG) growing portfolio of brands for the building and construction industry.

“The acquisition of Benefect provides new opportunities to strengthen our total offering to our customers and channel partners,” said Doug Mattscheck, CEO, ICP Group. “Benefect is a leader in the botanical space, offering a sustainable option for disinfecting and cleaning. We’re happy to add Benefect to the growing ICP BSG family.”

Benefect will join together with the Fiberlock brand of abatement and restoration solutions, enabling ICP BSG to offer a complete package of environmental solutions to its customers.

“The Benefect brand is well-aligned with our existing building envelope business unit and allows us to grow our portfolio of trusted solutions for our customers,” Mattscheck added.

Established in 2006, Benefect is the first government-registered hospital disinfectant using essential oils from plants. Today its botanical technology is used widely around the world to clean and kill germs with no compromise in strength.

“Benefect was developed as a result of not being able to find sensible disinfection products for my son who was born with only 10 percent of his immune system functioning,” said S. Samuel De Ath, founder and CEO, Benefect. “Today, Benefect products use nature’s way of cleaning and killing germs with no compromise in strength and without endangering human health. This acquisition solidifies the need for sustainable products and provides our customers with additional technologies and resources.”

ICP Group is a portfolio company of Audax Private Equity.

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About ICP Building Solutions Group
ICP Building Solutions Group is a foremost supplier of professional products and solutions for building envelope, cementitious and sports surface needs. Comprising dozens of industry-leading brands across numerous industries and applications, ICP Building Solutions Group offers comprehensive portfolios to building professionals all over the globe, all backed by its exclusive MasterWorks training and education program. For more information, visit www.icpgroup.com.

About ICP Group
Innovative Chemical Products Group is a leading specialty chemical manufacturer in North America and provides coatings, adhesives and sealants globally. With operations headquartered in Andover, Massachusetts, and multiple manufacturing facilities around the world, ICP Group serves multiple end markets, including building materials, specialty construction, industrial, packaging, printing and sports surfaces. ICP Group is privately held and manufactures products under several recognized specialty groups. For more information, visit www.icpgroup.com.

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Innovative Chemical Products acquires ASTEC®, a leading brand of fluid-applied systems for roofing, walls and more

With its latest acquisition, ICP Group grows its ICP Building Solutions Group portfolio of trusted brands, accelerating product development and offering something new for customers.

ANDOVER, Mass. – March 11, 2019 – Innovative Chemical Products (the ICP Group) announces the acquisition of ASTEC®, a leading brand of fluid-applied membrane systems for the sustainable restoration of roofs, walls, tanks, piping, ductwork and other industrial surfaces.

ASTEC has provided professionals with high-quality, fluid-applied systems since 1985. For ICP, the acquisition helps expand the breadth of trusted brands the company offers to commercial building contractors and facility managers to solve their toughest challenges.

“The acquisition of ASTEC is exciting for ICP and helps us strengthen our comprehensive building products portfolio to benefit all of our customers and channel partners,” said Doug Mattscheck, CEO, ICP Group. “ASTEC offers high-quality products that have demonstrated proven performance for years, and we’re confident that our customers will see that value.”

ASTEC products complement ICP’s RoofSlope® solution for quick and easy alleviation of slope-to-drain challenges and our Polyset® low slope roofing adhesives for fleeceback membranes and insulation boards. Collectively, these brands allow ICP to deliver comprehensive commercial roofing solutions to professionals everywhere.

Since 1985, the ASTEC mission has been to solve commercial and industrial problems with high-quality solutions. ASTEC products add to the weathertight sustainability of restored roofs, walls and other industrial surfaces, and are used to improve appearance and save energy.

“Since our founding, we’ve been at the forefront of coatings innovation and technology development, which has allowed us to become a leader in the roof coatings industry. The success of our mission continues to surpass our most optimistic hopes and projections,” said Dave Ziebarth, president, ASTEC. “That journey continues as we join the ICP Building Solutions Group, where we’ll continue to provide quality solutions to customers old and new.”

The ICP Group is a portfolio company of Audax Private Equity.

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About ICP Building Solutions Group
ICP Building Solutions Group is the foremost supplier of professional products and solutions for building envelope, cementitious and sports surface needs. Comprising dozens of industry-leading brands across numerous industries and applications, ICP Building Solutions Group offers the industry’s most comprehensive portfolios to building professionals all over the globe, all backed by its exclusive MasterWorks training and education program. For more information, visit www.icpgroup.com.

About ICP
Innovative Chemical Products (the ICP Group) is a leading specialty chemical manufacturer in North America and provides coatings, adhesives and sealants globally. With operations headquartered in Andover, Massachusetts, and multiple manufacturing facilities around the world, ICP serves multiple end markets, including building materials, specialty construction, industrial, packaging, printing and sports surfaces. ICP Group is privately held and manufactures products under several recognized specialty groups. For more information, visit www.icpgroup.com.

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Regular Post
Written by ICP Group

Innovative Chemical Products Acquires Fireshell®, Heat Shedder®, FireSafe® and Structure Saver™ Intumescent Coatings from TPR2

With the acquisition of these trusted brands, ICP Building Solutions Group (BSG) continues to grow its portfolio, helping to accelerate product development and offering more options to customers

ANDOVER, Mass. – Feb. 26, 2019 – Innovative Chemical Products (the ICP Group) today announces the acquisition of Fireshell®, Heat Shedder®, FireSafe® and Structure Saver™ Intumescent Coatings from TPR2, a leader in proprietary fire and thermal products with a history that dates back over 20 years in military and private research and development in countless coatings applications.

These proprietary formulations and unique product compositions build a strong foundation for cost- effective, creative, and quick-response solutions to suit customers’ needs. The acquisition of these brands and technologies provides ICP new opportunities to strengthen its total offering to customers and channel partners while further positioning ICP as the premier coatings innovator.

“Fireshell, Heat Shedder, FireSafe and Structure Saver will be an important addition to ICP BSG’s growing portfolio of industry-leading brands for the building and construction industry,” said Doug Mattscheck, CEO of ICP Group. “These industry-leading brands will be distributed alongside existing ICP brands, including the Handi-Foam® brand of insulating foam sealants, enabling ICP BSG to offer a complete package of Building Envelope and Fire Protection Solutions to its customers,” Mattscheck added.

The ICP Group is a portfolio company of Audax Private Equity.

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About ICP Building Solutions Group

ICP Building Solutions Group is the foremost supplier of professional products and solutions for building envelope, cementitious and sports surface needs. Comprising dozens of industry-leading brands across numerous industries and applications, ICP Building Solutions Group offers the industry’s most comprehensive portfolios to building professionals all over the globe, all backed by its exclusive MasterWorks training and education program. For more information, visit www.icpgroup.com.

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