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ITWC, Inc. and Hydroseal Polymers, Inc. Merges Elastomer and Urethane Businesses

Published on 2010-11-08. Author : SpecialChem

Malcom, Iowa/Riverside, California -- ITWC, Inc. and Hydroseal Polymers, Inc. have signed an agreement to merge their respective elastomer and urethane systems businesses operating under the name ITWC URETHANE SOLUTIONS. The business will be headquartered in Malcom, IA, but will maintain the former Hydroseal Polymers, Inc. facilities in Riverside, CA. Customers of both companies will have access to an increased polyurethane product line and both locations will offer technical service, production, warehousing, shipping and customer service.

ITWC, Inc. (ITWC), headquartered in Malcom, IA, has seen explosive growth in recent years and has concentrated sales on hot cast pre-polymers and Adipic Acid based polyesters. ITWC has been on the Inc. 5000 list of fastest growing private companies in 2008 and 2009. This acquisition will continue that trend moving forward. The company, founded in 1988, has expanded pre-polymer production several times to keep up with customer demands and built a state-of-the-art polyester plant in 2005.

Hydroseal Polymers (Hydroseal) has seen also substantial growth through the last 15 years. Hydroseal has morphed itself from its primary business as a roof coating supplier into an outstanding Elastomer system supplier. The current Hydroseal product mix consists of room temperature elastomer systems and specialty flexible molded and rigid foam systems. Together the two companies will provide customers with a broader, more diverse product portfolio and employees will have access to tools and expertise to compete effectively in the company's strategic target market areas. "The synergy of integrating the Hydroseal product line into the ITWC product line is truly exciting and the combined urethane expertise is impressive. Both locations are loaded with technical strengths and support that concentrate on providing customers with products that fit their applications," stated Roger Smith, President of ITWC Urethane Solutions. Dan Hill, Vice President of Hydroseal, commented, "Our sales force is well known and we are looking forward to the expanded range of products that ITWC brings to the table. We also will be able to utilize both production sites to better serve customers located across North America."

Roger Smith will become the President over both operations and Dan Hill will become Vice President & General Manager of West Coast Operations for ITWC. Sales will be combined into a single group under Julia Prendergast, Vice President of Sales & Marketing for ITWC. Walter W. Smith, Chairman of the Board of the combined companies commented, "Dan and Roger have a longstanding business relationship and with their leadership, we feel the combination of the existing teams will be extraordinary. We are confident we will continue to see impressive growth that will bring significant benefits to both our customers and employees."

About ITWC Urethane Solutions, Inc.

ITWC Urethane Solutions, Inc. is a full service provider to the urethane industry offering chemical products and technical service to manufacturers of a wide variety of end products. The chemical product line includes high quality MDI, TDI, and aliphatic pre-polymers and systems, polyesters, extenders, catalysts and additives. Headquartered in central Iowa, ITWC is ISO9001:2008 certified.

Source: ITWC Urethane Solutions, Inc.


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