Accella Performance Materials Inc. recently announced the acquisition of IPS Polymer Systems Inc. Accella is backed by Arsenal Capital Partners. The acquisition reportedly further supports Accella’s strategy to build the leading polyurethane systems house in North America, with an even stronger presence on the West Coast.
“IPS and Accella have over 40 years of experience with polyurethane technology and proprietary formulations,” said Andy Harris, CEO of Accella. “IPS is an excellent fit with Accella’s current polyurethanes business and will bring expanded technology and capabilities to both companies.”
Ezzat Seif, founder and former CEO of IPS, will stay with the business and continue on the leadership team. “We are delighted to be a part of the Accella team and are excited to expand the value we provide to a broader customer base,” he said. “We selected Accella as a good cultural fit and to bring greater opportunities to our valued employees and customers.”