A division of IPS Corp has acquired the solvent cement assets of Schwartz Chemical Corp, a Canadian provider of solvent cements, primers and cleaners used in plumbing projects. No financial terms were disclosed. IPS, a U.S.-based manufacturer of solvent cements, specialty plumbing products and specialty adhesives, said the deal is part of its Canadian growth strategy. IPS was acquired by U.S. private equity firm Nautic Partners in February.
IPS® Corporation Acquires the Solvent Cement Assets of Schwartz Chemical Corporation
Collierville, Tenn., November 9, 2015 — IPS Corporation’s Plumbing Division is pleased to announce the acquisition of the solvent cement assets of Schwartz Chemical Corporation. This acquisition is the latest step in providing the industry’s best known brands under the IPS umbrella in the Canadian Plumbing/HVAC marketplace. Schwartz solvent cements will be available under the “One Order, One Shipment, and One Invoice” program, and will continue to be manufactured in Canada.
The acquisition of Schwartz plumbing solvent cements is part of our growth strategy in Canada. Distributors will be able to combine orders of Schwartz solvent cements with other IPS and Masters branded products through G.F Thompson Co. Ltd.
About IPS Corporation
IPS® Corporation is the trusted leader in manufacturing adhesives, solvent cements, labor-saving plumbing specialty items and numerous components and supplies for the plumbing, construction, manufacturing and plastic fabrication industries. With headquarters in California, IPS Corporation has operations throughout the United States, as well as China, and a worldwide network of sale representatives and distributors. More information is available at www.ipscorp.com.
About Schwartz Chemical Corporation
Schwartz Chemical Corporation has been offering plumbers and consumers a full line of proven solvent cements, primers and cleaners for professional ABS, PVC and CPVC plumbing projects since 1969. More information is available at www.schwartzchem.com.
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