Audax-backed ICP Group buys ASTEC


Innovative Chemical Products Group LLC, a portfolio company of Audax Private Equity, has acquired ASTEC, according to a news announcement. No financial terms were disclosed. Based in Binghamton, New York, ASTEC is a provider of fluid-applied acrylic membrane systems for the restoration of roofs, walls, tanks, piping, ductwork and other industrial surfaces.

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