Innovative Chemical Products Group Introduces Their New Building Solutions Group

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Innovative Chemical Products (the ICP Group), today announces the formation of their Building Solutions Group. This group is comprised of industry-leading brands formerly represented by the ICP Construction and ICP Adhesives & Sealants businesses. The change unifies the resources of the two businesses, both of which are dedicated to delivering high performance professional products and services for building and construction applications.

“This is an exciting and historic day for the ICP Group. Our new Buildings Solutions Group not only streamlines our processes internally but expands the selection of ICP products and services available to our partners. Considering the rapid pace at which ICP is growing, this is an important step to help take our company to the next level,” said Doug Mattscheck, CEO of ICP Group and Building Solutions Group President.

In just three years ICP has become a respected leader in the specialty chemicals industry and the 10th largest coatings company in North America.

The new Building Solutions Group will feature three strategic units: Building Envelope Unit, Flooring and Cementitious Unit, and Sport Surfaces Unit. Doug Mattscheck will serve as President of the Building Solutions Group while maintaining his current position as CEO of ICP Group. The ICP Industrial Group is unaffected by the Building Solutions Group formation, and will continue to serve the packaging, commercial printing, labels, and coatings markets.

“The transition will be seamless for our current partners. What we’ve created through the restructuring process is a more convenient way for them to meet their needs. Our partners can now easily access a more robust selection of products and enhancements that can help grow their business,” said Mattscheck.

Through streamlined education, training and partnership program development, ICP will help their channel partners identify and grow products and services available in their markets.

“This marks the beginning of a new chapter for the ICP Group. We have always been dedicated to helping our partners succeed. With these changes in place, we’ll only continue to do so more effectively,” said Mattscheck.

Innovative Chemical Products (the ICP Group) is a portfolio company of Audax Private Equity.

About ICP Group

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, Mass., 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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Business Wire: 15:00 GMT Friday 10th August 2018

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