Innovative Chemical Products Group Announces Acquisition of Pli-Dek
Andover, Mass. – April 11, 2018 – ICP Construction, a division of Innovative Chemical Products (the ICP Group), today announces the acquisition of Pli-Dek Systems, Inc., a manufacturer of specialty coatings for the building industry.
ICP Group is a leading specialty platform company in the coatings, adhesives, sealants and elastomers (CASE) markets. Pli-Dek is an innovator of waterproofing solutions that will be integrated into ICP Construction’s flooring solutions group, joining the market-leading brands, Arizona Polymer Flooring, Super-Krete and Rock-Tred, as part of its building envelope coatings and systems offerings.
“The acquisition of Pli-Dek strengthens ICP Construction’s portfolio of Building Envelope products and extends our product offerings to external and infrastructure construction products,” said Doug Mattscheck, CEO of ICP Group. “With Pil-Dek’s 35+ years of experience in the specialty coatings market, our partnership reinforces ICP Construction’s industry leadership and strategically extends our geographic footprint to serve a broadened customer base of building professionals nationwide.”
Pli-Dek manufactures a wide variety of specialty coatings for the building industry, including waterproof deck coatings, fluid applied waterproofing membranes, epoxy flooring and concrete coatings. Since its inception in 1998, Pli-Dek has diligently trained its certified technicians to support its effort to offer the building industry practical and long-term solutions tailored to meet a wide variety of demanding project requirements. Learn more at http://plidek.com/.
Zain Mahmood, president of ICP Construction, added, “Pli-Dek was established when its founder developed an innovative deck coating that solved a performance need and revolutionized the building industry. The company’s foundation of industry knowledge, exceptional products and commitment to unparalleled performance and service aligns with our committment to deliver innovative solutions to our valued customers.”
“We are confident this acquisition will solidify our ability to continue to deliver the unparalleled performance and service our customers have come to expect from Pli-Dek based on our decades of service to the industry,” said Jeff Zember, president of Pli-Dek.
Innovative Chemical Products (the ICP Group) is a portfolio company of Audax Private Equity.
About ICP Construction, a division of the ICP Group
A global leader in the paints and coatings industry, ICP Construction is committed to providing the highest quality paints, coatings, sports surfaces and environmental remediation solutions for the architectural and building industries. Our family of award-winning brands provides innovative products, support and dedication to our customers. Our products set the standard in their markets, and our continued investment in advanced technology and delivery offers unparalleled value to our customers. Visit www.icp-construction.com for more information.
About ICP Group
Innovative Chemical Products (the ICP Group) is a leading specialty chemical company engaged in the formulation, manufacturing, and marketing of coatings, adhesives, sealants and elastomers (CASE). With operations headquartered in Andover, Mass., and divisional headquarters in Massachusetts, Ohio and Illinois, ICP serves multiple end markets, including: OEM, industrial, building materials, packaging, printing, specialty construction, and sports surfaces. ICP Group is privately held and manufactures products under several recognized, specialty brands. For more information on the Construction, Adhesives & Sealants, and Industrial divisions of the ICP Group, visit www.icpgroup.com.
Phillip McMillan, CompleteSpectrum