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IPS Structural Adhesives Acquires Holdtite Adhesives Ltd.

Published on 2010-10-21. Author : SpecialChem

Raleigh Durham, USA -- IPS Structural Adhesives Corporation, of Durham, NC, USA, maker of Weld-On® branded products, announced the acquisition of Holdtite Adhesives, Ltd. of Newcastle, UK. This powerful merger of two leading, adhesive manufacturers results in a global company focused on providing a superior, broader offering of structural adhesive solutions to industrial and commercial markets.

John Reeves, President of IPS Structural Adhesives Corporation, notes, "This merger is driven by our mission to provide Smarter Adhesive Solutions on a global scale to the markets we serve. The product lines of the current companies have very little overlap allowing us to synergistically expand our technology offering globally. Our customers value us as true solution providers and now we are able to enhance our abilities with a much broader technology platform. We are thrilled to be able to unite with Holdtite to better serve our customers".

The expanded product offering of the merged companies will include industry-leading technologies in 10:1 and 1:1 Methylmethacrylate (MMA), Anaerobic, Cyanoacrylate (CA) and Ultra Violet (UV) cure adhesives. All of these technologies will now be available globally from one source. The merger also combines two of the strongest product development teams in the adhesives industry enabling IPS to respond to real customer needs with proven solutions.

IPS plans immediate investment into the Holdtite facilities and processes to implement manufacturing and technical service models that have proven so successful in North America. Likewise, IPS will adopt the outstanding information systems currently employed by Holdtite. "Product breadth is not the only place we have synergies between the two companies. We will adopt the best practices of each company to create a world-class organization for our customers" remarked Mr. Reeves.

The new company will also be able to offer its expanded product portfolio to a larger variety of market segments. IPS and Holdtite have extensive experience in the Marine, Automotive, Automotive Aftermarket, Bus/Truck/Rail, Building MRO, Product Assembly, Solid Surface, Sign Display and other markets.

Keith Darnell, Vice President of Sales & Marketing stated that "We are very excited to introduce the excellent Holdtite technologies into the North American market and likewise to have a UK manufacturing and sales presence to properly support IPS's efforts throughout Europe. It's an unbeatable combination for our customers as it allows us to truly provide smarter adhesive solutions for them".

About IPS Structural Adhesives Corporation

Established in 1954, IPS® Corporation has grown tremendously over the past 50+ years. It is the trusted leader in manufacturing adhesives, solvent cements, and numerous components and supplies for the plumbing, construction and plastic fabrication industries. The brands include WELD-ON®, WATER-TITE®, TEST-TITE®, GUY GRAY™, TRUEBRO®, and STUDOR® and our quality products are manufactured with proven formulation and design using state-of-the-art equipment and manufacturing techniques.

Headquartered in California, IPS Corp. has operations throughout the United States, as well as China, and a worldwide network of sale representatives and distributors.

About Holdtite Adhesives

Holdtite, a UK market leader in dependable, advanced adhesives for nearly 25 years, delivers unsurpassed value and unmatched flexibility changing the way that people put things together.

Sources: Holdtite Adhesives


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