IPS Corporation Acquires Metacrylics Cool Roof Coatings
IPS Corporation, a leading manufacturer of building and specialty adhesive products, has acquired the Metacrylics roof coatings company, based in Gilroy, Calif. This acquisition is in support of the IPS growth strategy within the roofing industry. IPS Roofing Products is best known for its leadership position with roof flashing products for vent pipes, which are manufactured in Tennessee and sold nationally through both wholesale roofing distribution and building products retailers.
Gary Rosenfield, vice president & general manager of the IPS Roofing Products division, commented, “We are extremely excited to enter the fast growth cool roof coatings market with the exceptional products and service proposition provided by Metacrylics. With the resources of IPS Corporation in support of this business, we plan to rapidly build on the previous success and outstanding reputation of Metacrylics. I am looking forward to working with this very talented Metacrylics team to help them continue in that effort.”
Mark Anthenien, president and CEO of Metacrylics, said, “We are delighted to be associated with the IPS organization. With their support, we will be able to expand our resources and reach more customers with the high level of service and support that has become the foundation of our success.”
T. Tracy Bilbrough, chairman and CEO of IPS Corporation, added, “The addition of Metacrylics to our portfolio of brands, product lines, and operating facilities is another exciting step forward in our journey of building a premier platform in industrial and construction related specialty products. We are thrilled to welcome the outstanding team and products of Metacrylics to the IPS family.”
Metacrylics is a leading manufacturer of cool roof coatings, and offers both acrylic and silicone varieties of products. It has a long history of highly successful installations in many regions of the country. Most recently, Metacrylics’ “Extreme Performance” acrylic product has been recognized as a leader in the commercial roofing market due to its outstanding adhesion, ease of installation, higher solar reflectivity rating, and ability to resist debris over time.