Markets Served: Industrial coatings, Sports coatings, Architectural coatings, Roof coatings, Environmental coatings, Cementitious floor and deck coating

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.

California Paints, a brand of ICP, announced Ocean Melody 0499 as its 2025 Color of the Year. This warm, serene blue reflects a growing desire for comfort and a deeper connection with nature, seamlessly blending timeless elegance with modern versatility.

Ocean Melody captures the tranquil rhythm of the ocean, making it the perfect choice for creating spaces that nurture balance and well-being.

Designed to pair with a variety of textures and finishes, Ocean Melody offers an adaptable foundation for both residential and commercial interiors. From soothing spa-like bathrooms to inviting living areas, this hue adds a touch of sophistication and calm to any setting.

When combined with natural materials like wood, stone, or lush greenery, Ocean Melody 0499 serves as a grounding element that bridges the gap between indoor comfort and outdoor inspiration.

To enhance the impact of Ocean Melody, California Paints has curated a supporting trend palette featuring rich terracotta hues, muted greens, soft creams, and deep earth tones. Together, these colors invite layering and creativity, empowering designers and homeowners to craft warm, personalized interiors.

“Ocean Melody 0499 is more than just a color; it’s a reflection of the spaces we want to create in 2025 — comfortable, inviting, and inspired by the natural world,” said Daniele Doerge, brand manager for California Paints. “As part of ICP, we take pride in setting the tone for design trends that resonate with our customers’ lifestyles. Ocean Melody embodies the tranquility and timelessness that today’s homeowners and professionals are seeking.”

Markets Served: Industrial coatings, Sports coatings, Architectural coatings, Roof coatings, Environment coatings, Cementitious floor and deck coating

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.

APF Polymer Surfaces, a leader in high-performance concrete floor coatings and part of the ICP Group family of brands, announced the launch of its redesigned website – APFepoxy.com – offering a comprehensive and user-friendly experience immersing customers in the company’s full product offerings and services portfolio.

The new site features streamlined menus, simplified navigation and fast access to all APF offerings like Armor-Rez flooring systems and epoxy mortars, CastorCrete flooring systems and VaporSolve moisture remediation solutions. Contractors, distributors, architects and building owners will find tailored product information, technical data, application case studies and a resource blog providing valuable insights on the latest technologies in the polymer surfaces industry.

There is also a link to schedule hands-on product training to discover through the APF MasterWorks program that teaches participants proper application methods, as well as channel marketing and development strategies to build their businesses.

APF offers high-performance concrete floor coatings for commercial and industrial settings including the food and beverage processing, health care, manufacturing and electronics industries. From production facilities and warehouses to offices and service areas, there are many durable and decorative options suitable for virtually any requirement.

These coatings are crafted using advanced polymer chemistry and include a wide range of high-quality products based on epoxy, polyurethane and acrylic technologies. Each undergoes rigorous field testing to ensure performance and reliability and is backed by a commitment to continuous research and development to deliver some of the most innovative products and systems available.

Markets Served: Industrial coatings, Sports coatings, Architectural coatings, Roof coatings, Environment coatings, Cementitious floor and deck coating

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 reported sales of $894 million for 2022.

ICP Group has announced new investments in its Long Beach, CA, manufacturing facility that will enable the company to enhance service and supply to customers throughout the entire West Coast territory.

Initial production ramp-up will focus on critical cement and emulsion products in bulk and pail format. Plant capacity improvements include the installation of multiple new mixers, as well as expanded will call service to enable seamless daily pickups to meet customer needs.

“Over the past year we have been carefully evaluating our manufacturing operations to best serve our customers, and it’s clear that our Long Beach location plays a critical role in our ability to provide our West Coast customers with the best experience,” said Doug Mattscheck, president and CEO, ICP Group. “To meet growing customer needs in this region, we’re making focused improvements to the facility that will immediately enhance our service commitment. This is a top priority for ICP.”

Markets Served: Industrial coatings, Sports coatings, Architectural coatings, Roof coatings, Environment coatings, Cementitious floor and deck coating

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.”

Markets Served: Industrial coatings, Sports coatings, Architectural coatings, Roof coatings, Environment coatings, Cementitious floor and deck coating

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 500 employees. The company had an excellent year in 2020, growing to $700 million n in sales, adding three key acquisitions while successfully navigating the COVID-19 pandemic.

Doug Caffoe, SVP marketing, said that 2020 was certainly a unique year for construction projects.

“Like many businesses, we came into the first quarter of 2020 very strong then everything shut down due to COVID,” Caffoe observed. “We then saw a large demand for our disinfectant products and products related to the fight against COVID. Construction projects slowed, but demand for COVID related projects increased. As 2020 pushed through and the economy started opening back up, the jobs and projects that were put on hold started coming back. We saw a strong increase in the third quarter for our coatings and that increase has continued as projects continued to get back on track.”

The building envelope market, consisting of roof and environmental coatings, is ICP Group’s key market, with more than 63% of revenue. Industrial/industrial maintenance is next at 14%, followed by cementitious floor and deck coatings at 9%.

A portfolio company of Audax Private Equity, ICP Group made three acquisitions over the past year.

The first was Hi-Tech Coatings, a leading developer and manufacturer of high-performance coatings for the packaging and commercial printing industries worldwide. Hi-Tech Coatings will become part of ICP Group’s Industrial Services Group (ISG). The acquisition provides ICP ISG with opportunities within high-performance water-based and ultraviolet-curable coatings, as well as expanding its international customer base in Europe, the Middle East and Asia-Pacific regions.

The second acquisition was Leeson Polyurethanes, a leading polyurethane adhesive and coating company in the UK. The third acquisition was Tampa, FL-based Gardner Gibson and Sun Coatings, a leading manufacturer of liquid-applied roof coatings, roofing products, driveway sealers and specialty paints primarily serving professional contractors. 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.

Markets Served: Industrial coatings, Sports coatings, Architectural coatings, Rroof coatings, Environment coatings, Cementitious floor and deck coating

ICP Group is a portfolio company of Audax Private Equity. The ICP Group has 12 manufacturing facilities worldwide and employs 500+ people. Architectural coatings comprise 15 percent of company sales, specialty sports coatings (tennis courts and running tracks) comprises 15 percent, general industrial 30 percent, building envelope 20 percent and cementitious floor and deck coatings 20 percent. ICP recently launched Stat-Rez ESD Nanocoatings, the next generation in electrostatic discharge coatings. The Stat-Rez line of products is designed to protect equipment, people and other assets through static dissipative or conductive flooring. The ESD Nano line provides even more protection with a stronger network of conductive properties through its NanoWise carbon nanotube technology.

Markets Served: Industrial coatings, Sports coatings, Architectural coatings, Rroof coatings, Environment coatings, Cementitious floor and deck coating

ICP Group is a portfolio company of Audax Private Equity. In the first quarter of 2019, ICP Group completed three acquisitions.

The first acquisition included the brands of Fireshell, Heat Shedder, FireSafe and Structure Saver Intumescent Coatings – proprietary fire and thermal products that have been servicing the various construction markets for over 20 years. The second acquisition included ASTEC, a leading brand of fluid-applied membrane systems for the sustainable restoration of roofs, walls, tanks, piping, ductwork and other industrial surfaces. The third acquisition included Benefect, a world-recognized leader in next-generation botanical antimicrobials that produces disinfectant and clean.