10/11. Innovative Chemical Products (ICP) Group

Andover, MA



CEO: Doug Mattscheck

Coating Sales: $300 million

A specialty chemical company engaged in the formulation, manufacture and marketing of coatings and adhesives, Innovative Chemical Products (ICP) Group has operations headquartered in Andover, Massachusetts, and more than a dozen additional manufacturing and distribution locations located throughout the United States, Mexico and Australia. ICP Group serves the architectural coatings, specialty construction, sports surfaces, and industrial, packaging and printing end markets.

A portfolio company of Audax Private Equity, ICP Group manufactures products under several recognized brands through two distinct business units. ICP Building Solutions Group focuses on product solutions dedicated to delivering high-performance professional products and services for building and construction applications. ICP Industrial is a global leader in the development, application and technical support of specialty coatings, delivering innovative solutions to the packaging, labeling and graphic arts industries.

Source: Company contact

Notes: A few key acquisitions in 2019 have added to ICP’s portfolio. 1) Benefect, a world-recognized leader in next-generation botanical antimicrobials. 2) Fireshell®, Heat Shedder®, FireSafe® and Structure Saver™ Intumescent Coatings from TPR2, a leader in proprietary fire and thermal products with a history that dates back over 20 years in military and private research and development in countless coatings applications. 3) ASTEC®, a leading brand of fluid-applied membrane systems for the sustainable restoration of roofs, walls, tanks, piping, ductwork and other industrial surfaces. 4) IdeaPaint, the world’s first performance dry erase coating that rolls on as easily as a traditional interior paint but will transform virtually any smooth surface into an erasable canvas for dry erase markers. 5) Hi-Tech Coatings, a worldwide leading developer and manufacturer of high-performance coatings for the packaging and commercial printing industries, from Heidelberger Druckmaschinen AG.

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