12 April 2016
12 April 2016
IPS Corporation (IPS) has acquired Integra Adhesives (Integra) which will join its SCIGRIP division.
Headquartered in Abbotsford, British Columbia, Integra is a leading innovator and manufacturer of specialty adhesives used to permanently bind engineered stone, natural stone, quartz, and solid-surface building products and interior finishes such as countertops. Its products are largely methacrylate, epoxy, and polyurethane-based. IPS says that Integra’s business has grown rapidly over the past five years, driven by its market leadership position and by the increasing use of engineered stone for countertops due to its attractiveness, durability, and stain resistance.
IPS is a portfolio company of Nautic Partners VII, and Nautic Partners VII-A, (collectively, Nautic VII), which partnered with management to acquire IPS in February 2015. Integra is the 5th acquisition IPS has completed since it became a Nautic VII portfolio company.
John Reeves, President of the SCIGRIP division of IPS, said, “We are excited to welcome Integra into the IPS family and to continue Integra’s tradition of excellence in quality, R&D, and service. Together with Integra, we will be even better positioned to serve our valued customers and improve our product offerings to the structural and specialty adhesives marketplace.”