M&A Deal Summary

ICP Acquires 3m - Pressurized Polyurethane Foam Adhesives Business

On January 20, 2016, ICP acquired plastics company 3m - Pressurized Polyurethane Foam Adhesives Business from 3M

Acquisition Highlights
  • This is ICP’s 1st transaction in the Plastics sector.
  • This is ICP’s 3rd transaction in the United States.
  • This is ICP’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2016-01-20
Target 3m - Pressurized Polyurethane Foam Adhesives Business
Sector Plastics
Buyer(s) ICP
Sellers(s) 3M
Deal Type Divestiture

Target

3m - Pressurized Polyurethane Foam Adhesives Business

St. Paul, Minnesota, United States
3M’s Pressurized Polyurethane Foam Adhesives business is a provider of pressurized polyurethane foam adhesive formulations and systems into the residential roofing, commercial roofing and insulation and industrial foam segments in the United States.

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Buyer(S) 1

Buyer

ICP

Andover, Massachusetts, United States
Category Company
Founded 2016
Sector Chemicals
DESCRIPTION

ICP is a specialty chemical company engaged in the formulation, manufacturing, and marketing of coatings and adhesives. ICP was founded in 2016 and is based in Andover, Massachusetts.

DEAL STATS #
Overall 3 of 14
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 4
State (Minnesota) 1 of 1
Country (United States) 3 of 11
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-19 California Products

Andover, Massachusetts, United States

California Products Corp. is a provider of branded, premium architectural interior and exterior paints and stains, tennis court and other sports surfaces coatings systems, and specialty abatement products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-16 Rock-Tred

Waukegan, Illinois, United States

Rock-Tred Corp. is a manufacturer of polymer floor coating solutions that repair, maintain, protect and beautify floors.

Buy -

Seller(S) 1

SELLER

3M

St. Paul, Minnesota, United States
Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 32.7B USD (2023)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company. The Company produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.

DEAL STATS #
Overall 11 of 19
Sector (Plastics) 1 of 1
Type (Divestiture) 10 of 18
State (Minnesota) 4 of 11
Country (United States) 10 of 17
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-06 3M - North American Library Systems Business

St. Paul, Minnesota, United States

3M Library Systems business delivers circulation management solutions to library customers with on-premise hardware and software, maintenance and service, and an emerging cloud-based digital lending platform.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Semfinder AG

Kreuzlingen, Switzerland

Semfinder AG is a developer of precise semantic coding of medical services.

Buy -
Mergr

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