IPS Corp., a manufacturer of building and specialty adhesive products, has acquired the Metacrylics roof coatings company, based in Gilroy, Calif. This acquisition is in support of the IPS growth strategy within the roofing industry. IPS Roofing Products is known for roof flashing products for vent pipes, which are manufactured in Tennessee and sold nationally through both wholesale roofing distribution and building products retailers.
Gary Rosenfield, vice president and general manager of the IPS Roofing Products division, comments, “We are excited to enter the cool roof coatings market with the products and service proposition provided by Metacrylics. With the resources of IPS Corp. in support of this business, we plan to build on the previous success and reputation of Metacrylics. I am looking forward to working with the Metacrylics team to help them continue in that effort.”
Mark Anthenien, president and CEO of Metacrylics, says, “We are delighted to be associated with the IPS organization. With their support, we will be able to expand our resources and reach more customers with the high level of service and support that has become the foundation of our success.”
T. Tracy Bilbrough, chairman and CEO of IPS Corp., adds, “The addition of Metacrylics to our portfolio of brands, product lines, and operating facilities is a step forward in our journey of building a platform in industrial and construction related specialty products. We are thrilled to welcome the team and products of Metacrylics to the IPS family.”
Metacrylics is a manufacturer of cool roof coatings, and offers both acrylic and silicone varieties of products. It has a long history of successful installations in many regions of the country. Most recently, Metacrylics’ Extreme Performance acrylic product has been recognized in the commercial roofing market due to its adhesion, ease of installation, solar reflectivity rating, and ability to resist debris over time.