Innovative Chemical Products Group Announces Acquisition of Pli-Dek

ANDOVER, Mass.–(BUSINESS WIRE)–ICP
Construction, a division of Innovative Chemical Products (the
ICP Group), today announces the acquisition of Pli-Dek
Systems, Inc., a manufacturer of specialty coatings for the building
industry.

ICP Group is a leading specialty platform company in the coatings,
adhesives, sealants and elastomers (CASE) markets. Pli-Dek is an
innovator of waterproofing solutions that will be integrated into ICP
Construction’s flooring solutions group, joining the market-leading
brands, Arizona Polymer Flooring, Super-Krete and Rock-Tred, as part of
its building envelope coatings and systems offerings.

“The acquisition of Pli-Dek strengthens ICP Construction’s portfolio of
Building Envelope products and extends our product offerings to external
and infrastructure construction products,” said Doug Mattscheck, CEO of
ICP Group. “With Pil-Dek’s 35+ years of experience in the specialty
coatings market, our partnership reinforces ICP Construction’s industry
leadership and strategically extends our geographic footprint to serve a
broadened customer base of building professionals nationwide.”

Pli-Dek manufactures a wide variety of specialty coatings for the
building industry, including waterproof deck coatings, fluid applied
waterproofing membranes, epoxy flooring and concrete coatings. Since its
inception in 1998, Pli-Dek has diligently trained its certified
technicians to support its effort to offer the building industry
practical and long-term solutions tailored to meet a wide variety of
demanding project requirements. Learn more at http://plidek.com/.

Zain Mahmood, president of ICP Construction, added, “Pli-Dek was
established when its founder developed an innovative deck coating that
solved a performance need and revolutionized the building industry. The
company’s foundation of industry knowledge, exceptional products and
commitment to unparalleled performance and service aligns with our
commitment to deliver innovative solutions to our valued customers.”

“We are confident this acquisition will solidify our ability to continue
to deliver the unparalleled performance and service our customers have
come to expect from Pli-Dek based on our decades of service to the
industry,” said Jeff Zember, president of Pli-Dek.

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
[email protected]