Nautic Partners’ IPS has acquired Integra Adhesives
United States: IPS
Corp., the California-based global manufacturer of specialty adhesives, solvent
cements, and specialized plumbing products, has acquired Integra Adhesives from
its president and other shareholders. Integra is a leading manufacturer of
specialty adhesives which are used to permanently bind stone, natural stone,
quartz, and solid-surface building products and interior finishes such as
countertops. The business of intergra has remarkably grown in the past few
years, driven by its market control position and by the rising
adoption of engineered stone for countertops. Integra is the 5th
acquisition of IPS since it has become a Nautic VII portfolio company in
February 2015.
TechSci Research depicts
that with joined forces with Integra, company would be even better positioned
to serve its existing and new customers and also work towards improving its
product offerings to the marketplace for structural and specialty adhesives. Adhesives
being an important segment of construction chemicals, would be administering
higher growth in the coming years backed by increasing construction activities
in the region and other geographies.
According to the recent report published by TechSci Research, “GCC Construction Chemicals Market By Type, By End User, Competition Forecast and Opportunities, 2011 –
2021 – Saudi Arabia, UAE, Qatar, Kuwait, Oman & Bahrain”, the construction
chemicals market in the GCC countries is projected to grow at a CAGR of over 7%
during 2016 - 2021, due to rising government spending on construction projects
coupled with increasing participation by private players in the real estate
sector. Also, increasing need for economic diversification and reducing dependence
on oil reserves is prompting majority of the countries in the region to
increase expenditure on construction and infrastructure activities.