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ICP Group Zolatone, Scuffmaster and MDC Brands

ICP Construction, a division  of Innovative  Chemical Products Group (the ICP Group), announced today the acquisition of Master Coating Technologies, a leading manufacturer of specialty architectural coatings.

ICP Group is a leading specialty platform company  in the coatings, adhesives, sealants and elastomers (CASE) markets. The company will join the current ICP Construction division, which includes market-leading brands California Paints, FixALL, Storm System, Fiberlock, Dry-Treat, California Sports  Surfaces, and Rock-Tred.

Master Coating Technologies was founded in 1995 and is headquartered out of Eagan, MN. Both  companies are well respected industry leaders and have a common interest in innovation and developing new technologies.

“Master Coating Technologies is among the top five manufacturers of specialty coatings. They have been on our radar for quite some time now. We’re thrilled to  have their brilliant people––and technology––as a new resource to further cement ICP Group’s reputation as an innovative leader,” said Doug Mattscheck, CEO of ICP Group.

The acquisition broadens ICP Construction’s portfolio of architectural coatings with specialty products focused exclusively on commercial applications. Recently, architects and designers have been requesting specific brands, like Zolatone, Scuffmaster, MDC, Bellagard, and ClearErase. Now  ICP Construction has more opportunities to meet those needs.

ICP Construction and Master Coating Technologies customers will not experience any interruption in service as a result   of the acquisition. Innovative Chemical Products (the ICP Group) is a portfolio company  of Audax Private Equity.

About ICP Construction, a division of the ICP Group

A global leader in the paints and coatings industry, ICP Construction is committed to providing the highest-quality paints, coatings, sports surfaces and environmental remediation solutions for the architectural and building industries. Our family of awardwinning brands provides innovative products, support and dedication to our customers. Our products set the standard in their markets, and our continued investment in advanced technology and delivery offers unparalleled value to our customers. Visit www.icp-construction.com for more information.

About ICP Group

Innovative Chemical Products (the ICP Group) is a leading specialty chemical company engaged in the formulation, manufacturing, and marketing of coatings, adhesives, sealants and elastomers (CASE). With operations headquartered in Andover MA, and divisional headquarters in Massachusetts, Ohio and Illinois, ICP serves multiple end markets, including: OEM, industrial, building materials, packaging, printing, specialty construction, and sports surfaces. ICP Group is privately held and manufactures products under several recognized, specialty brands.

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