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M&A Deal Summary

ICP Acquires Hi-Tech Coatings International

On November 20, 2019, ICP acquired chemicals company Hi-Tech Coatings International from Heidelberger Druckmaschinen

Acquisition Highlights
  • This is ICP’s 6th transaction in the Chemicals sector.
  • This is ICP’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-11-20
Target Hi-Tech Coatings International
Sector Chemicals
Buyer(s) ICP
Sellers(s) Heidelberger Druckmaschinen
Deal Type Divestiture

Target

Hi-Tech Coatings International

Buckinghamshire, United Kingdom
Hi-Tech Coatings International Ltd. is a developer and manufacturer of high-performance coatings for the packaging and commercial printing industries. Hi-Tech Coatings International is based in Buckinghamshire, United Kingdom.

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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 11 of 14
Sector: Chemicals M&A 6 of 8
Type: Divestiture M&A Deals 4 of 4
Country: United Kingdom M&A 1 of 2
Year: 2019 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 IdeaPaint

Ashland, Massachusetts, United States

IdeaPaint, Inc. is a provider of premium dry-erase solutions. IdeaPaint dry erase paints and wallcoverings transform virtually any smooth surface into an erasable canvas. IdeaPaint, Inc. was founded in 2008 and is based in Ashland, Massachusetts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Leeson Polyurethanes

Warwick, United Kingdom

Leeson Polyurethanes Ltd. is a manufacturer of polyurethane adhesives and coatings used in a variety of sectors and markets. The company serves a wide range of customers across numerous industries across the globe, including insulation, building and construction, sports surfaces, recreational areas, polyurethane waterproofing, OEM factory uses and more. Leeson Polyurethanes was established in 1986 and is based in Warwick, United Kingdom.

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Seller(S) 1

SELLER

Heidelberger Druckmaschinen

Heidelberg, Germany
Category Company
Founded 1850
Sector Machinery
Employees9,548
Revenue 2.3B EUR (2025)
DESCRIPTION

Heidelberger Druckmaschinen is a provider of machinery for printing industry. Heidelberger Druckmaschinen was founded in 1850 and is based in Heidelberg, Germany.

DEAL STATS #
Overall 4 of 4
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-11 Printing Systems Group Holding B.V.

Almere, Netherlands

Printing Systems Group Holding B.V. is a full suite of print services and software solution provider, including equipment, maintenance and workflow applications, and is well known for representing Heidelberg, Kodak, 3M, HP, Adobe, Agfa and Canon.

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