ICP Group is a portfolio company of Audax Private Equity. MinusNine will be integrated into ICP Industrial, Inc., one of the three divisions of the ICP Group.
ICP Industrial manufactures Nicoat coatings and adhesives, and with the successful completion of the acquisition of MinusNine, is poised to provide even broader offerings to the packaging, labeling, graphic arts and industrial markets.
“The opportunity for continued growth and our complementary cultures make this an ideal fit,” said Paul Grzebielucha, president of ICP Industrial.
With the addition of MinusNine’s product offerings, advanced technologies and employees, the ICP Group further expands its leadership position in the coatings, adhesives, sealants and elastomers (CASE) markets.
“We are excited to welcome MinusNine to the ICP team,” said Doug Mattscheck, CEO of the ICP Group. “Our combined brands, products and technologies propel us into a new chapter for our Industrial division. Additionally, this acquisition will strengthen our ability to support our customers through innovation, as we continue to lead the specialty coatings and adhesives markets.”