Accella has acquired IPS Polymer Systems in Rancho Cucamonga, Calif. Accella is backed by Arsenal Capital Partners.
Accella Acquires IPS
March 3, 2015
The acquisition further supports Accella’s strategy to build the leading polyurethane systems house in North America, with a stronger presence on the West Coast. According to officials, the combination brings together an expansive polyurethane technology portfolio, convenient regional manufacturing, and leading technical application expertise, supported by an expanding national sales channel when combined with MarChem Polyurethane Systems, Arnco, and Pathway Polymers.
"IPS and Accella have over 40 years of experience with polyurethane technology and proprietary formulations," said Andy Harris, Accella’s CEO. "IPS is an excellent fit with Accella’s current polyurethanes business and will bring expanded technology and capabilities to both companies. The acquisition of IPS is strategic in our objective to build the leading independent polyurethane systems house in North America to bring the greatest value and offerings to our customers."
John Televantos, partner at Arsenal Capital, said, “We are very pleased to bring IPS into the Accella group, and with the progress of Accella overall. IPS strengthens the Accella polyurethanes platform and will enhance the value Accella brings to market. We are committed to support the ongoing growth of Accella and will continue to invest in strategic opportunities that will further transform the business.”
Ezzat Seif, the founder and former CEO of IPS, will stay with the business and continue on the leadership team. “We are delighted to be a part of the Accella team and are excited to expand the value we provide to a broader customer base. We selected Accella as a good cultural fit and to bring greater opportunities to our valued employees and customers."
For more information, visit accellacorp.com.