ICP Building Solutions Group Acquires Gardner-Gibson

Innovative Chemical Products (ICP), a manufacturer and distributor of specialty coatings, adhesives and building envelope solutions, announced today that it has acquired Gardner-Gibson and Sun Coatings, a manufacturer of liquid-applied roof coatings, roofing products, driveway sealers and specialty paints primarily serving professional contractors for commercial and residential applications. The acquisition builds upon ICP Group’s extensive line of building solutions and global distribution network and creates one of the largest privately held coatings and adhesives companies in North America.

“The Gardner-Gibson acquisition and combination with ICP Group will strengthen the product offerings and distribution network for both companies,” said Doug Mattscheck, CEO, ICP Group. “We were strong individually and will be even stronger together as we enhance our portfolio of coatings, adhesives and building envelope solutions. ICP Group welcomes the Gardner-Gibson employees to the ICP family and looks forward to supporting the continued growth of the combined businesses.”

Based in Tampa, Florida, Gardner-Gibson is a provider of liquid-applied roof coatings, roofing products, driveway sealers and specialty paint, and is recognized for its industry-leading brands. With manufacturing and distribution facilities across the United States and Canada, Gardner-Gibson’s products are sold in leading retailers and building supply distributors under the Gardner, Black Jack, APOC and Dyco brands.

The integration of Gardner-Gibson into ICP’s Building Solutions Group unites premier brands to offer a wide range of products for roofing, building envelope and flooring applications primarily serving commercial facilities and repair and maintenance applications.

“ICP Group has the infrastructure, networks and experience to take Gardner-Gibson to new levels of success,” said Sean Hyer, CEO, Gardner-Gibson. “We’re looking forward to working together and delivering more value to our customers, retail partners and distributors for years to come. It’s an exciting time to be at Gardner-Gibson as we enter this new era of innovation and product expansion with ICP.”

Lazard Middle Market served as financial advisor and Foley & Lardner LLP served as legal counsel to Gardner-Gibson on the transaction. Kirkland & Ellis LLP served as legal counsel to ICP Group on the transaction, and J.P. Morgan, BMO, Antares Capital and Goldman Sachs provided the financing.

For more information about ICP, visit www.icpgroup.com.

Spray Foam Insulation Offers Improved Performance, Lower Global Warming Potential

ICP Building Solutions Group launches HandiFoam E84 Low GWP, a new, improved performance formulation of the company’s spray foam insulation solution. Available for purchase in 2021, the nonflammable formulation will be fully compliant for use throughout North America, where Canada and several U.S. states will implement regulations phasing out high global warming potential (GWP) blowing agents in low pressure polyurethane spray foams beginning January 1.

“At ICP Building Solutions Group, innovation and sustainability are a part of our everyday business,” said Tim Kenworthy, vice president, insulation, ICP BSG. “We took these impending regulations as an opportunity to improve our polyurethane foam product line, and to help our customers stay ahead of the curve. The new HandiFoam formulation is not only fully compliant, but delivers a range of new benefits we believe can help them sharpen their competitive edge.”

Benefits include:

  • Simplified inventory. By satisfying low-GWP requirements in Canada and certain U.S. states, HandiFoam 84 can help professionals simplify their inventory with a single product formula that can be sold and used anywhere. 
  • Stronger adhesion. HandiFoam E84 Low GWP achieves 30% greater adhesion compared with the current formulation, offering stronger, more reliable performance.
  • Easier curing indication. After application, HandiFoam E84’s color shifts from white to yellow as an indicator of a proper curing profile.
  • Excellent fire rating. HandiFoam E84 Low GWP achieves a 2.5-inch Class 1 fire rating, providing greater application opportunities in certain climate zones. Traditional low pressure spray foams achieve Class 1 fire rating at 2 inches or less.
  • Ergonomic improvements. 105/205-sized kits feature a redesigned ergonomic handle, while 605 kits feature a new box design for easier maneuverability.
  • Spray pattern versatility.  Our flagship ColorWise nozzle technology has improved for greater versatility based on user preference. The nozzle can now be converted from a fan spray to a cone spray by simply snapping off the tip. This patented technology can help a contractor stay efficient.

 “We’ve heard nothing but positive reports from contractors who have trialed this new product’s use, so we’re excited for our professional customers everywhere to get their hands on it,” said Kenworthy.  “At ICP BSG, we take our position as an industry leader seriously, and we’re committed to delivering practical, high-performance products that can help our customers be leaders, too. HandiFoam E84 Low GWP is a part of that commitment.”

HandiFoam E84 Low GWP, like all ICP BSG solutions, is backed by MasterWorks, an exclusive program that offers customers access to expert training, special promotions, and a variety of unique growth tools.

For more information, visit www.icpgroup.com.

ICP Acquires Leeson Polyurethanes

Innovative Chemical Products (the ICP Group) announced the acquisition of Leeson Polyurethanes, a U.K.-based manufacturer of polyurethane adhesives and coatings used in a variety of sectors and markets.

Founded by the Leeson family in 1986, the company has experienced growth throughout its history by offering its customers high-quality, durable, protective, and flexible polyurethane products. ICP will incorporate Leeson’s offerings into its ICP Building Solutions Group (ICP BSG).

The company’s diverse portfolio of solutions for building and construction, insulation, sports surfaces, waterproofing and beyond will be highly complementary to the ICP BSG portfolio, and helps the organization extend its reach throughout the European market and around the world.

 “We are pleased to welcome Leeson to the ICP BSG family of professional solutions. The acquisition will enable us to strengthen and broaden our extensive suite of professional solutions for our customers everywhere,” said Doug Mattscheck, CEO, ICP Group. “Leeson is a recognized leader in the U.K. and beyond, with a variety of innovative, high-quality solutions for professionals, making them a natural fit for ICP BSG.”

According to the company, the acquisition allows ICP BSG to bring a range of Leeson solutions to new and existing customers, broadening the opportunities for ICP to deliver professionals everywhere quality, high-performance solutions.

For more information, visit www.icpgroup.com.

TPO/EPDM Spray Contact Adhesive

ICP Building Solutions Group launches its Polyset TPO/EPDM Spray Contact Adhesive, designed as a portable, self-containing, single component solution to help professionals complete jobs quickly and efficiently.

Designed to adhere TPO and EPDM membranes to most walls and substrates for commercial low slope roofing applications, Polyset TPO/EPDM Spray Contact Adhesive delivers high adhesive output with a fast setup time, helping to reduce labor time and enable more efficient job completion. The product joins Polyset’s recently introduced PVC Spray Contact Adhesive, offering professionals with two convenient options to take on any low slope job.

“Our customers are continually looking for ways to add speed and simplicity to their jobs,” said David Spaulding, Director of Sales, Low Slope Roofing Products at ICP Building Solutions Group.

“We’re confident that the new Polyset TPO/EPDM Spray Contact Adhesive will help them do just that. The quick setup process, easy application, and fast dry time will help professionals complete quality jobs more efficiently.”

The low-VOC spray contact adhesive can be applied in temperatures as low as 25°F (-4°C) and higher. No power is required, allowing for easy transportation. A reusable spray gun and hose are sold separately.

According to the manufacturer, it offers excellent resistance against weather, water, fuel, oil, and many other plasticizers. The new TPO/EPDM Spray Contact Adhesive is backed by The Polyset Promise to always deliver best-in-class training and field support. Customers can take advantage of training opportunities either in a classroom or on the roof, led by our highly experienced instructors, or our Masterworks applicator training for hands-on training to help ensure your project meets code compliance.

For more information, visit www.icpgroup.com.

PVC Spray Contact Adhesive

ICP Building Solutions Group launches Polyset PVC Spray Contact Adhesive, designed as a portable, self-containing, single component solution with speed and simplicity in mind. Engineered to adhere most PVC membranes to most vertical walls and substrates for commercial low slope roofing applications, Polyset PVC Spray Contact Adhesive delivers high adhesive output with a fast setup time, helping commercial roofing professionals reduce labor time and complete jobs faster.

“We are always working to develop new solutions that help our customers work faster and smarter,” said David Spaulding, Director of Sales, Low Slope Roofing Products at ICP Building Solutions Group. “With the new Polyset PVC Spray Contact Adhesive, we’re confident we’ve done just that, with a quick setup process and a simplified application that helps professionals complete quality jobs more efficiently.”

Additional benefits include:

  • Can be applied in temperatures as low as 25°F (-4°C) and higher.
  • No power required, allowing for easy transportation.
  • Zero VOC spray contact adhesive.
  • Reusable spray gun and hose (sold separately).
  • Excellent resistanceagainstweather, water, fuel, oil, and many other plasticizers.
  • Low cost per applied square foot of application.
  • Up to 1,000 square feet total bonded adhesive coverage.

Like all Polyset products, the new PVC Spray Contact Adhesive is backed by The Polyset Promise to always deliver best-in-class training and field support. Customers can take advantage of training opportunities either in a classroom or on the roof, led by highly experienced instructors, or Masterworks applicator training for hands-on training to help ensure projects meet code compliance. 

For more information, visit www.icpgroup.com.

ICP Building Solutions Group Names New Division President

ICP Building Solutions Group has named Jay Doubman its new Division President, expanding the company’s leadership team as it pursues ongoing growth as a global provider of innovative professional products and solutions.

Doubman has more than 25 years of experience in roles spanning business strategy, commercial and operational excellence, finance and marketing. He has held president and management roles at other major organizations, leading businesses and operations in North and South America, Europe and Asia. Doubman will be based out of ICP BSG’s Andover, Massachusetts, office.

“Jay is a tremendous addition to our leadership team, and I’m confident in his ability to lead our organization as we continue developing professional innovative products and solutions,” said Doug Mattscheck, President and CEO, ICP Group. “Adding Jay’s expertise will be invaluable in our pursuit of new growth in revenue and profitability.”

Doubman joins ICP from Cabot Corporation, a specialty chemicals and performance materials company, where he spent over ten years driving significant growth in shareholder value. Prior to Cabot, Doubman held leadership positions at CertainTeed, a building materials company. 

 “Jay’s combined experience in both specialty chemicals and building materials makes him an ideal fit to lead ICP BSG,” Mattscheck added. “Adding a leader of Jay’s caliber to lead our next phase of growth, and to deliver new value for our customers everywhere, fits our long-term strategy.” 

Doubman earned his Master of Business Administration (MBA) from The Wharton School, University of Pennsylvania, and has a bachelor’s degree mechanical engineering from Bucknell University.

For more information about ICP Building Solutions Group, visit at www.icpgroup.com.

Innovative Concrete Tile Design Offers High Wind Uplift Resistance for Florida Market

Boral Roofing LLC introduces an innovative new design of its popular Boral Saxony 900 concrete tile in Florida. The new tile design addresses climate conditions in the region with improved installation techniques for enhanced durability and resiliency. Boral Saxony 900 tiles may be fastened with less of ICP Group’s Polyset AH-160 Foam Adhesive than similar competing flat tile options, reducing installation costs and offering better protection from the elements.

The advanced design of the concrete tile features a lower profile and thicker mid-body. With the design enhancements, the tile may now be installed utilizing up to 25 percent less Polyset AH-160 Adhesive than competing tile options, resulting in a more efficient installation process to save in both labor and material costs. (Uplift resistance values were determined by independent testing by a qualified Florida and Miami-Dade approved laboratory.)

“This new Florida tile roofing solution is a direct result of Boral Roofing’s unyielding drive to envision and produce the highest performing roofing systems for customers,” said Rick Hackett, product marketing manager for Boral Roofing. “The enhanced Boral Saxony 900 tile offers improvements for installation and weather resiliency in a region that is notorious for severe rain, sun and wind.”

During professional installation, contractors use Polyset AH-160 Adhesive paddies to fasten Boral Saxony 900 concrete tiles to an approved roofing underlayment, such as Boral TileSeal.  For medium-sized paddies, ICP Group recommends 10 to 12 square inches of adhesive contact to the underside of the tile. (For Polyset AH-160 Roof Tile Adhesive Instructions, see  https://www.polysetadhesives.com/wp-content/uploads/ICP-Polyset-AH-160-Installation-Instructions.pdf.)

According to the manufacturer, Boral Saxony 900 tile’s unique design allows for the adhesive to disperse more evenly across the tile.

“Boral Roofing has been serving Florida with quality manufacturing and the latest in roofing product innovation for more than 60 years,” said Hackett. “Boral Saxony 900 continues that tradition.”

Boral offers Saxony 900 concrete tile in numerous color options, many of which are readily available and some made-to-order to complement any Floridian architectural theme and home color palette. Like all Boral Roofing concrete tile systems, Boral Saxony 900 is Class A Fire Rated. The concrete tile features a non-prorated and fully transferable limited lifetime warranty.

To learn more about Boral Roofing’s new weather resistant tile design, view the Boral Saxony 900 brochures at https://www.boralroof.com/wp-content/uploads/boral-resource/Florida-Brochure-Lake-Wales-0220.pdf and https://www.boralroof.com/wp-content/uploads/boral-resource/Florida-Brochure-Okeechobee-0320.pdf. Boral Roofing also hosts a video on the new solution on the company’s YouTube channel at https://www.youtube.com/watch?v=O4Y38fIHy8Q&feature=youtu.be

For more information, visit www.BoralRoof.com.

Refillable System for Commercial Roofing Adhesives

ICP Building Solutions Group’s latest low-slope commercial roofing solution is a refillable system and is intended to pair with the company’s Polyset CR-20 and Board-Max adhesives. Polyset CR-20 is a low-rise, two-component polyurethane foam adhesive engineered for speed and simplicity. According to the company, it’s ideal for adhering fleece back membranes in both new and re-roof applications. Polyset Board-Max adhesive is specifically engineered to secure insulation and cover boards to various roof decks, cover boards and substrates. 

The new refillable cylinder options provide the same quality adhesives and a lower applied cost per square foot, with the same Handi-Gun dispensing unit and ColorWise Temperature Warning Nozzles, making it easy to access hard-to-reach areas and provide faster application on open roofs. According to the manufacturer, the system offers a higher coverage rate than disposable tanks, and low cost to entry makes this system ideal for high-volume and high-efficiency roofing contractors. 

“As part of our mission as an organization to innovate with contractors’ needs in mind, we’re pleased to bring refillable systems to the market, paired with our leading Polyset CR-20 and Board-Max adhesives,” said Dave Spaulding, director of sales, ICP BSG Low Slope Roofing Products. “This offering reduces equipment and applied costs while reducing the environmental impact of work, both on and off the job site, by eliminating landfill waste.” 

After the completion of the job, returning the cylinders is easy. When the tanks are empty, contractors simply return them to the pallet, wrap the pallet, and call the 800 number that comes with the cylinders on the Bill of Lading. There is no return freight for the contractor because the return freight is built into the total cost of the product, making this a greener solution with fewer steps for the contractor. 

For more information, visit www.icpgroup.com

Innovative Chemical Products Acquires ASTEC

Innovative Chemical Products (ICP Group) announces the acquisition of ASTEC, a brand of fluid-applied membrane systems for the sustainable restoration of roofs, walls, tanks, piping, ductwork and other industrial surfaces.

ASTEC has provided professionals with high-quality, fluid-applied systems since 1985. According to ICP, the acquisition helps the company expand the breadth of trusted brands the company offers to commercial building contractors and facility managers to solve their toughest challenges.

“The acquisition of ASTEC is exciting for ICP and helps us strengthen our comprehensive building products portfolio to benefit all of our customers and channel partners,” said Doug Mattscheck, CEO, ICP Group. “ASTEC offers high-quality products that have demonstrated proven performance for years, and we’re confident that our customers will see that value.”

ASTEC products complement ICP’s RoofSlope solution for quick and easy alleviation of slope-to-drain challenges, and its Polyset low-slope roofing adhesives for fleeceback membranes and insulation boards. Collectively, these brands allow ICP to deliver comprehensive commercial roofing solutions to professionals everywhere, according to the company.

Since 1985, the ASTEC mission has been to solve commercial and industrial problems with high-quality solutions. ASTEC products add to the weathertight sustainability of restored roofs, walls and other industrial surfaces, and are used to improve appearance and save energy.

 “Since our founding, we’ve been at the forefront of coatings innovation and technology development, which has allowed us to become a leader in the roof coatings industry. The success of our mission continues to surpass our most optimistic hopes and projections,” said Dave Ziebarth, president, ASTEC. “That journey continues as we join the ICP Building Solutions Group, where we’ll continue to provide quality solutions to customers old and new.”

ICP Group is a portfolio company of Audax Private Equity.For more information, visit www.icpgroup.com.