Partnership Positions Matrix to Serve Growing Global Demand for Advanced Adhesive Solutions
Matrix Adhesives Group is excited to announce that we have acquired IPS Adhesives (“IPSA”), a provider of high-performance adhesives serving building and construction, transportation, industrial, and marine industries.
In partnering with IPSA, Matrix expands its branded product offering, technologies portfolio, and global reach. The acquisition adds market leading brands to the Matrix portfolio including the Integra and Unika® brands in architectural surfacing (counter tops) and the SCIGRIP Adhesives® structural line. The newly acquired brands and products strengthen Matrix’s ability to deliver value in applications across countertop surfacing, building and construction, industrial fabrication, and sign and display markets. The acquisition also expands Matrix's international presence through IPSA's established European footprint, distributor network, and customer relationships.
“This strategic partnership enhances our ability to deliver differentiated, value-added solutions to our customers,” said DJ Johnson, CEO of Matrix Adhesives Group. “We are pleased to welcome the IPS Adhesives team to the Matrix family of ‘passionate people creating bonds.”
In addition to the brands and market presence that IPSA brings to the Matrix portfolio, they also bring expertise in Methyl Methacrylate (MMA) technology and color matching technologies. MMA adhesives are increasingly specified in demanding applications due to their fast cure times, minimal surface preparation requirements, and ability to bond dissimilar materials.
“Joining Matrix represents an exciting milestone for the IPS Adhesives team,” said Scott McDowell, President of IPS Adhesives. “Our associates have worked tirelessly to create a company that is widely recognized for its broad suite of products, trusted brands, and passion for solving our customers’ toughest bonding challenges. Becoming part of the Matrix family will allow us to preserve our strong market position in MMA solutions, while gaining the scale, resources, and global platform to support our growth plans. I couldn't be more excited about what this partnership means for our customers, our team, and our future.”
Matrix Chairman of the Board Rich Rowe commented; “We are very pleased to welcome the IPSA team into the Matrix family as we believe this acquisition strengthens the Company’s capability to deliver differentiated solutions to customers in its core markets in North America and abroad.”
