Category Archives: News

ANDOVER, Mass. – September 8, 2021 – Innovative Chemical Products (ICP Group) today announced the appointment of Chris Pappas to its Board of Directors. Mr. Pappas brings extensive executive and board experience with private and publicly traded companies in the specialty chemicals, coatings, adhesives, and sealants markets. Mr. Pappas will help provide guidance to ICP’s growth strategy and continued evolution into one of the largest coatings and adhesives platforms in the industry.

Most recently, Mr. Pappas was as a special advisor and board member at Trinseo S.A., a plastics, latex and rubber producer. Mr. Pappas served as Chief Executive Officer of Trinseo from 2010 to 2019. Prior to Trinseo, he spent nearly a decade at Nova Chemicals Corporation in the roles of President and CEO, Chief Operations Officer, and Senior Vice President. Mr. Pappas began his career at The Dow Chemical Company. In addition to his executive experience, Mr. Pappas serves as Board Member at FirstEnergy (NYSE: FE) and as Chairman of the Board at Univar (NYSE: UNVR). Mr. Pappas earned a Bachelor of Science degree in Civil Engineering at Georgia Institute of Technology and a Master of Business Administration from the Wharton School of the University of Pennsylvania.

“We are pleased to welcome Chris to ICP Group’s Board of Directors,” said Doug Mattscheck, CEO of ICP Group. “Chris joins our Board at an exciting time as we continue to expand and drive forward our strategy of building a rapidly growing and leading platform in the coatings and adhesives industry through organic growth, acquisitions, and international expansion. Chris will provide valuable perspectives from his years of experience in driving strategy and execution in the broader specialty chemicals market. We look forward to his contributions and perspective.”

Don Bramley, Managing Director at Audax, said, “As a leader in the specialty chemicals industry, Chris brings relevant and valuable experience to the ICP Board of Directors. His depth of experience with both private and publicly traded companies will be an asset to the ICP team as the Company enters the next phase of growth.”

“The ICP team and Audax have done a great job of building a leading platform in the specialty coatings, adhesives, and sealants industry. I’m looking forward to working with Doug, Don and the rest of the Board on the many opportunities ahead,” said Chris Pappas.

 

About ICP Group

ICP Group is a leading formulator and manufacturer of specialty coatings, adhesives, and sealants serving the construction and industrial end markets. ICP Group is organized into two separate business groups, ICP Building Solutions Group and ICP Industrial Solutions Group, comprised of market leading brands known for innovation, quality, and performance. Founded in 2015, ICP Group has scaled rapidly through organic and acquisition growth into one of the largest coatings, adhesives, and sealants companies in North America. ICP Group is headquartered in Andover, MA and has manufacturing and distribution sites throughout North America, Latin America, and the Asia Pacific region. For more information, visit www.icpgroup.com.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $7 billion in more than 140 platforms and over 1,000 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 300 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow Audax on LinkedIn.

 

U.S. EPA expects Fiberlock and Benefect products will kill all strains of SARS-CoV-2

NORTON, Ohio – August 18, 2021 – ICP’s Environmental Restoration Group (ICP ERG), a leading supplier of professional abatement and remediation products to address environmental, safety, and health hazards has announced that the US Environmental Protection Agency (EPA) confirmed efficacy of their Benefect and Fiberlock disinfectants against all strains of SARS-CoV-2, including the Delta Variant. Benefect and Fiberlock are on the EPA’s List N.

ICP’s List N disinfectant products effective in real-world situations against COVID-19 include:

• Fiberlock IAQ 2500 (1839-83-73884)
• Fiberlock ShockWave RTU (61178-2-73884)
• Fiberlock IAQ 2000 (1839-95-73884)
• Benefect Botanical Decon 30 (84683-3-74771)
• Benefect Botanical Disinfectant Wipes (84683-4-74771)
• Benefect Botanical Disinfectant (84683-1-74771)

According to the EPA statement, the agency “expects all products on List N to kill all strains of SARS-CoV-2. Genetic changes to the virus do not impact the efficacy of disinfectants. List N disinfectants work by chemically inactivating viruses.”

ICP also recently announced that its Benefect® products were certified as the first and only 100%-biobased disinfectant technology by the U.S. Department of Agriculture (USDA). Benefect Decon 30 Disinfectant and Botanical Disinfectant Wipes are made with plant-derived essential oils that are proven to kill 99.99% of bacteria, while boasting the highest safety rating allowable by the EPA – meaning less liability for restoration professionals and facility managers.

Additionally, the company’s Fiberlock IAQ 2500 was tested against and proven to kill SARS-CoV-2 virus on hard non-porous surfaces in 60 seconds.

For more information, please visit www.benefect.com or www.fiberlock.com. Other news and information can be found on the ICP website at www.icpgroup/news-resources.

 

About ICP Environmental Restoration Group
ICP Environmental Restoration Group (ERG) is the leading supplier of professional abatement and remediation products to address environmental, safety and health hazards. For more information, visit www.icpgroup.com.

About ICP Building Solutions Group
ICP Building Solutions Group is the foremost supplier of professional products and solutions for building envelope, cementitious and sports surface needs. Comprising dozens of industry-leading brands across numerous industries and applications, ICP Building Solutions Group offers the industry’s most comprehensive portfolios to building professionals all over the globe, all backed by its exclusive MasterWorks training and education program. For more information, visit www.icpgroup.com.

About ICP
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, Massachusetts, 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.

Benefect Decon 30 Disinfectant and Botanical Disinfectant Wipes provide 99.99% effectiveness against bacteria using authentically botanical technologies.

ANDOVER, Mass. – June 17, 2021 – Innovative Chemical Products (ICP), maker of the Benefect® line of botanical disinfectant technologies for restoration and remediation, announced that it has achieved U.S. Department of Agriculture’s BioPreferred® status for its Decon 30 Disinfectant and Botanical Disinfectant Wipes. As part of the certification process, these Benefect products were submitted for USDA testing that revealed both could be certified as 100% Biobased – the first and only disinfectant technologies to achieve this distinction.

The USDA BioPreferred program provides information to consumers about the biobased content of a product. Some products labeled “botanical” might contain as little as 25% biobased content, which is measured by how much new organic carbon from plants is used compared to old organic carbon found in coal and petroleum.

“Some cleaners and disinfectants claim to be botanical when they are actually made from petroleum-based synthetic technologies,” said Sam DeAth, Environmental Restoration Group, Product Manager, ICP Building Solutions Group. “Benefect is different. It is made from 100%- biobased materials using a process that has been used by farmers for more than 150 years. We are thrilled to earn USDA certification and provide assurance to users that these products are authentically botanical.”

Benefect Decon 30 Disinfectant and Botanical Disinfectant Wipes are made with plant-derived essential oils that are proven to kill 99.99% of bacteria and surpasses the U.S. Environmental Protection Agency (EPA) efficacy requirements for broad spectrum hospital disinfectants. They also boast the highest safety rating allowable by the EPA, meaning less liability for restoration professionals and facility managers.

“When you buy what you believe to be botanical disinfectants, you should actually be getting botanical, not some marketing spin,” said DeAth. “The USDA 100%-Biobased certification is a cut above using third party verification ensuring what we claim is true – and that our products are truly botanical.”

To learn more about Benefect, the first and only authentically botanical disinfectant technology, visit www.benefect.com.

About ICP Building Solutions Group
ICP Building Solutions Group is the foremost supplier of professional products and solutions for building envelope, cementitious and sports surface needs. Comprising dozens of industry-leading brands across numerous industries and applications, ICP Building Solutions Group offers the industry’s most comprehensive portfolios to building professionals all over the globe, all backed by its exclusive MasterWorks training and education program. For more information, visit www.icpgroup.com.

About ICP
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, Massachusetts, 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.