07.29.22
Andover, MA/USA
www.icpgroup.com
A portfolio company of Audax Private Equity, Innovative Chemical Products Group (ICP Group) is headquartered in Andover, MA, and has manufacturing and distribution sites throughout North America, Latin America and Asia-Pacific, comprising a total of 12 manufacturing facilities with more than 1,100 employees. The company had another excellent year in 2021, with sales growing to $824 million.
ICP made one acquisition during the past year, acquiring Choice Adhesives to bolster its roofing solutions portfolio. It is expected to be highly complementary to the growing ICP Building Solutions Group (ICP BSG) portfolio, which includes trusted roofing brands like Polyset and APOC.
ICP Group’s R&D team was active as always, in particular launching APOC Weather Armor air and weather barriers, liquid-applied, one-component solutions that protect against unwanted or uncontrolled air and moisture in a variety of climates, and STAIN-PROOF Paver Enhancing Sealer, which offers both color enhancement and water and liquid protection through a patented combination of silicone technology.
Brian LaGuardia, EVP of ICP Building Solutions Group, reported that 2021 was a another challenging year and required adopting to the market conditions, adding that projects began to open back up after COVID.
“Demand was strong as we headed in to Q1,” said LaGuardia. “Our country’s infrastructure was battered by storms and showed how vulnerable we are as a country, as several manufacturing and suppliers were struck by the Texas freeze, paralyzing manufacturing and logistics for the remainder of the year.
“Demand remained strong across the industry however,” added LaGuardia. “Government programs impacted getting people back to work, and imports were severely impacted due to the jam up in the Suez Canal. Labor conditions made getting product from ports to customers extremely challenging. Demand remained strong in the back half of the year and trends are expected to stay strong throughout 2022.”
www.icpgroup.com
PRIVATE COMPANY; YEAR ESTABLISHED: 2015
REVENUE: $824 million ($700 million)
MARKETS SERVED
Industrial coatings, Sports coatings, Architectural coatings, Roof coatings, Environment coatings, Cementitious floor and deck coatingKEY EXECUTIVES:
Doug Mattscheck, CEO; Michael Turner, CFO; Chad Crittendon, COO; Pete Horan, CIO; Scott Ingerowski, CHRO; Brian LaGuardia- EVP sales, Building Solutions; Sami Raham- EVP of product management/technology; Eric Sifferlin, SVP business development; Mark Longo, EVP of strategy; Paul Grzebielucha, president, ICP Industrial Solutions Group; Doug Caffoe, SVP marketing; Tom Fishback, SVP of R&D - Polyurethane and Adhesives; Amir Khan, VP of R&D – Asphalts; Israel Gutman, VP of R&D - Polymeric Coatings.A portfolio company of Audax Private Equity, Innovative Chemical Products Group (ICP Group) is headquartered in Andover, MA, and has manufacturing and distribution sites throughout North America, Latin America and Asia-Pacific, comprising a total of 12 manufacturing facilities with more than 1,100 employees. The company had another excellent year in 2021, with sales growing to $824 million.
ICP made one acquisition during the past year, acquiring Choice Adhesives to bolster its roofing solutions portfolio. It is expected to be highly complementary to the growing ICP Building Solutions Group (ICP BSG) portfolio, which includes trusted roofing brands like Polyset and APOC.
ICP Group’s R&D team was active as always, in particular launching APOC Weather Armor air and weather barriers, liquid-applied, one-component solutions that protect against unwanted or uncontrolled air and moisture in a variety of climates, and STAIN-PROOF Paver Enhancing Sealer, which offers both color enhancement and water and liquid protection through a patented combination of silicone technology.
Brian LaGuardia, EVP of ICP Building Solutions Group, reported that 2021 was a another challenging year and required adopting to the market conditions, adding that projects began to open back up after COVID.
“Demand was strong as we headed in to Q1,” said LaGuardia. “Our country’s infrastructure was battered by storms and showed how vulnerable we are as a country, as several manufacturing and suppliers were struck by the Texas freeze, paralyzing manufacturing and logistics for the remainder of the year.
“Demand remained strong across the industry however,” added LaGuardia. “Government programs impacted getting people back to work, and imports were severely impacted due to the jam up in the Suez Canal. Labor conditions made getting product from ports to customers extremely challenging. Demand remained strong in the back half of the year and trends are expected to stay strong throughout 2022.”