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4/11/2016 | 1 MINUTE READ

IPS acquires Integra Adhesives, joining SCIGRIP

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Integra specializes in methacrylate, epoxy and polyurethane adhesives for bonding engineered stone, natural stone, quartz and solid-surface building products.

IPS Corp. (Compton, CA, US), a global manufacturer of specialty adhesives, reports that it has acquired Integra Adhesives (Abbotsford, BC, Canada), a leader in engineered-stone adhesives. Integra joins IPS's SCIGRIP (Durham, NC, US) division, a manufacturer of methacrylate-based specialty adhesives for use in bonding composites, plastics and metals in the marine, transportation, building construction and product assembly markets.

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 leadership position and by the increasing use of engineered stone.

IPS is a portfolio company of Nautic Partners VII L.P. and Nautic Partners VII-A L.P., which partnered with management to acquire IPS in February 2015. Integra is the fifth acquisition IPS has completed since it became a Nautic VII portfolio company.

John Reeves, president of the SCIGRIP division of IPS, says, “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.”