Tag Archives: ICP Adhesives and Sealants

ICP Adhesives & Sealants Chemist Recognized for Best of Presentation Award

Norton, OH. – November 7, 2016 – ICP Adhesives & Sealants’ industry leadership and dedication to Innovations that Improve continues to gain recognition, with the receipt of a Best of Presentation award for Dr. Andrew Shinko, R&D Chemist.

The Center for the Polyurethanes Industry of the American Chemistry Council awarded Dr. Shinko the Best of Presentation in the Blowing Agents Session for his presentation, “The Use of
HFO-1234 ze (E) in Low Pressure Spray Polyurethane Foam” at the 2016 Polyurethanes Technical Conference. The annual conference that brings together the brightest minds in emerging polyurethanes technology is the longest-running polyurethanes conference in North America. 

Dr. Shinko presented ICP Adhesives & Sealants’ work that represents significant advances in the development of low global warming potential (LGWP) products, in accordance with the EPA’s recent SNAP 21 ruling.

The Handi-Foam High Density product will be the first commercially-available low pressure two component polyurethane spray foam disposable kit containing a hydrofluoroolefin (Solstice® GBA) as a blowing agent. This innovation ushers in a new standard for spray foam systems and meets the environmental well-being of our changing world.

This breakthrough product will be commercially available in the first quarter of 2017.
  
For more information about ICP Adhesives & Sealants, visit www.icpadhesives.com.

About ICP Adhesives & Sealants, a division of the ICP Group
ICP Adhesives and Sealants, Inc. (ICP) is a leading manufacturer of low pressure one- and two-component polyurethane foam sealant and adhesives products in pressurized, disposable, and refillable packaging. Our trusted brands include Polyset and Handi-Foam. For more information on ICP, visit www.icpadhesives.com.

About ICP Group
Innovative Chemical Products Group is a leading specialty chemical company engaged in the formulation, manufacturing, and marketing of coatings and adhesives. With operations headquartered in Andover, MA, and additional manufacturing and warehousing in Itasca, IL, Norton, OH, Tomball, TX, and Coral Springs, FL, ICP Group serves the architectural, specialty construction, packaging, printing and sport surfaces end markets.  ICP Group is privately held and manufactures products under several specialty brands, including Polyset, Handi-Foam, California Paints, Fiberlock, Storm System, Nicoat, Decoturf, Plexipave, and Rebound Ace.  For more information on the Construction, Adhesives & Sealants and Industrial divisions of ICP Group, visit www.icpgroup.com

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Media Contact:
Phillip McMillan
media@icpgroup.com
813-907-2150 x101

Innovative Chemical Products Group Announces Acquisition of Fomo Products by Adhesives Division

ANDOVER, Mass.—April 11, 2016— Innovative Chemical Products (ICP) Group today announced the completion of the acquisition of Fomo Products, Inc., a leading manufacturer of low pressure one- and two-component polyurethane foam sealant and adhesives products. Fomo Products will be integrated into ICP Adhesives & Sealants, Inc. (ICP Adhesives), a division of the ICP Group.

ICP Adhesives is focused on growth, with its prior carve-out acquisition of the Pressurized Polyurethane Foam Adhesives business (formerly known as Polyfoam Products, Inc.), and now the successful completion of the acquisition of Fomo Products.

Headquartered in Norton, Ohio, Fomo Products was founded in 1975 and is a manufacturer of low pressure one- and two-component polyurethane foam sealants, adhesives, pour-in-place and spray foam in pressurized, disposable, and refillable packaging. Additional markets include mine ventilation air sealant applications.

“We are enthusiastic to join the ICP Adhesives team,” said Stefan Gantenbein, President and COO of Fomo Products. “The opportunity for continued growth and our complementary cultures make this an ideal fit. Through sharing best practices, scalable operational capacity, advanced technologies and talented leadership and employees, we can leverage both companies’ capabilities to deliver great value to our customers.” Mr. Gantenbein has been named division president of ICP Adhesives.

As part of the larger platform company, ICP Group, the ICP Adhesives division provides opportunity for continued growth, and added strength through raw material purchasing synergies, technological collaboration, and shared service. With the addition of Fomo’s extensive product offerings, patented technologies and talented employee base, ICP Adhesives further expands its leadership position in the polyurethane adhesives and sealants market.

“We are excited to welcome Fomo Products to the ICP Adhesives family,” said Doug Mattscheck, CEO of ICP Group. “These combined products and technologies propel us into a new chapter for the business. Additionally, these acquisitions will strengthen our ability to support our customers through innovation, as we continue to lead the specialty coatings and adhesives markets.”

Innovative Chemical Products (ICP) Group is a portfolio company of Audax Private Equity. The Fomo transaction represents ICP’s fourth acquisition.

About ICP Adhesives, a division of the ICP Group
ICP Adhesives & Sealants, Inc. (ICP Adhesives) is a division of ICP Group. ICP Adhesives is a leading manufacturer of low pressure one- and two-component polyurethane foam sealant and adhesives products in pressurized, disposable, and refillable packaging. Products include CR-20, SFI-175, Polyset AH-160 and Polyset RTA-1, Handi-Foam®, Handi-Flow®, Handi-Stick®, and Silent-Seal®. For more information on ICP Adhesives, visit www.icpadhesives.com.

About ICP Group
Innovative Chemical Products (ICP) Group is a leading specialty chemical company engaged in the formulation, manufacturing, and marketing of coatings and adhesives. With operations headquartered in Andover, MA, and additional manufacturing and warehousing in Itasca, IL, Tomball, TX, and Coral Springs, FL, ICP serves the architectural, specialty construction, packaging, printing and sport surfaces end markets. ICP is privately held and manufactures products under several specialty brands, including Polyset, California Paints, Fiberlock, Storm System, Nicoat, Decoturf, Plexipave, and Rebound Ace. For more information on the Construction, Adhesives and Industrial divisions of ICP Group, visit www.icpgroup.com.

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Media Contact:
Phillip McMillan, Complete Spectrum
813-907-2150
clientmedia@completespec.com

Investor Contact:
Doug Mattscheck, ICP Group
978-623-9980 ext 288
dmattscheck@icpgroup.com