Innovative Chemical Products Group Announces Acquisition of Arizona Polymer Flooring by Construction Division

ANDOVER, Mass.–(BUSINESS WIRE)–ICP Construction, a division of Innovative Chemical Products (the ICP
Group), announced today the acquisition of Arizona Polymer Flooring, a
leading manufacturer of high-performance flooring products and concrete
coating systems.

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, Rock-Tred, Scuffmaster, Zolatone and
ClearErase.

The acquisition of Arizona Polymer Flooring adds dozens more high-value
flooring brands to both ICP Group and ICP Construction. It also extends
ICP Construction’s manufacturing and distribution capabilities to
Arizona and the West Coast, better supporting existing customers in
those geographies.

“This was an important acquisition for ICP Group. Arizona Polymer
Flooring is a respected brand throughout many industries––military and
aerospace, food and beverage, hospitality and entertainment, government,
and more. The acquisition opens the door to new and expanded offerings
for current ICP Group and Arizona Polymer Flooring customers,” said Doug
Mattscheck, CEO of ICP Group.

Zain Mahmood, President of ICP Construction adds, “Like ICP Group,
Arizona Polymer Flooring is an innovative leader. Their advancements in
increasing the performance and durability of epoxy, polyurethane and
acrylic technology are impressive. We plan on exploring how to best
combine resources to ensure we continue delivering the highest quality
and most advanced products in the industry.”

Arizona Polymer Flooring was founded in 1985 and is headquartered in
Phoenix, Ariz., with an additional manufacturing facility located in
Texas.

Last year, Arizona Polymer Flooring debuted a new 50,000 square foot
state-of-the-art facility in Phoenix that houses corporate offices, a
manufacturing facility, and a warehouse and training facility that
allows the company to more efficiently streamline operations and better
serve customers.

Daniel Owen, current Owner and President of Arizona Polymer Flooring,
will remain in his role throughout the transition. “I’m so proud of
everything our team has accomplished throughout the last three decades.
It’s been an honor to oversee our innovation, expansion and elevated
level of service,“ said Owen. “Joining ICP Group will help secure our
legacy in our industries, and our customers will benefit by using their
advanced technology and vast resources to reach more customers.”

Mattscheck added, “This is an exciting day for Arizona Polymer Flooring
and ICP Group. We look forward to having many new, talented people
joining the ICP team.”

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 award-winning 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, Mass., 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.
For more information on the Construction, Adhesives & Sealants, and
Industrial divisions of the ICP Group, visit www.icpgroup.com.

Contacts

CompleteSpectrum
Phillip McMillan, 813-907-2150
media@icpgroup.com