Matrix Adhesives Expands Portfolio with IPS Adhesives Acquisition
Matrix Adhesives Group, a TruArc Partners portfolio company that supplies adhesives and sealants for construction, industrial, commercial, and specialty applications, has acquired IPS Adhesives (IPSA) from its parent company, IPS Corp. IPSA provides adhesives to the building and construction, transportation, industrial, and marine industries. Terms of the transaction were not disclosed.
The acquisition expands Matrix's portfolio of adhesive technologies, branded products, and global market presence. IPSA brings six established brands, expertise in methyl methacrylate (MMA) adhesives, and a stronger position in industrial, marine, building and construction, and sign and display applications. The acquisition also broadens Matrix's international footprint through IPSA's European operations and distributor network.
Scott McDowell, president of IPSA, will remain with the company as a member of the Matrix leadership team.
Additional information about Matrix Adhesives Group is available at matrixadhesives.com. To learn more about IPSA, visit ipsadhesives.com.
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