Industry News

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.

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