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IPS Corporation, a global manufacturer of specialty adhesives based in Compton, CA, announced that it has acquired Integra Adhesives, one of the leaders in engineered-stone adhesives.
Integra joins IPS's Scigrip division, a market leader in methacrylate-based specialty adhesives for use in bonding composites, plastics and metals in the marine, transportation, building construction and product assembly markets.Headquartered in Abbotsford, British Columbia, Integra is a 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. Integra’s business has grown rapidly over the past five years, driven by its market 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, L.P. and Nautic Partners VII-A, L.P. (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.More information: www.scigrip.com