Coatings Industry News

Main News Page


SPF Companies Icynene, Lapolla Finalize Merger

Tuesday, December 5, 2017

Comment | More

Spray polyurethane foam manufacturers Icynene U.S. Holding Corp. (Mississauga, Ontario) and Lapolla Industries Inc. (Houston) have announced the completion of their merger.

Icynene’s acquisition of Lapolla, which was initially reported in October, is valued at approximately $160 million, and the companies will now be operating under the name Icynene-Lapolla.

Icynene

Spray polyurethane foam manufacturers Icynene U.S. Holding Corp. (Mississauga, Ontario) and Lapolla Industries Inc. (Houston) have announced the completion of their merger.

“We are excited about the completion of the merger. The two businesses have complementary SPF products and outstanding customer service, and both have a strong commitment to innovation,” said Mark Sarvary, Chief Executive Officer of Icynene-Lapolla.

Icynene is known for its commercial and residential SPF product lines, which include the Classic and ProSeal lines. While Lapolla also distributes and manufactures SPF lines (such as Foam-Lok), it is also known for its roofing solutions (Thermo-Flex) and restoration coatings (Wall-Lok).

At the time of the merger’s announcement, Doug Kramer, the President and CEO of Lapolla, said the company had been looking for the right move.

"During the past several months, Lapolla conducted an extensive review of strategic opportunities to enhance value for our stockholders and Lapolla is happy to have reached this agreement with Icynene, which delivers a significant premium to Lapolla's stockholders," said Kramer, who is now the president of Icynene-Lapolla.

"This is an exciting time in the insulation industry and Lapolla couldn't be more pleased to join with Icynene, a combination that brings together two leading SPF brands, and work together to bring downstream value to Lapolla's and Icynene's mutual associates, team members, customers and consumers.”

   

Tagged categories: Acquisitions; Business matters; Business operations; Good Technical Practice; Icynene; Lapolla Industries; Mergers; North America

Comment Join the Conversation:

Sign in to our community to add your comments.


Advertisements
 
Fischer Technology Inc.

 
KTA-Tator, Inc. - Corporate Office

 
SAFE Systems, Inc.

 
Tarps manufacturing, Inc.

 
Induron Coatings, Inc.

 
Mitsubishi Gas Chemical America

 
Sauereisen, Inc.

 
SABRE Autonomous Solutions

 
ABKaelin, LLC

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us