M&A Deal Summary

IPS Acquires Schwartz Chemical - Solvent Cement Assets

On November 9, 2015, IPS acquired building materials company Schwartz Chemical - Solvent Cement Assets from Schwartz Chemical

Acquisition Highlights
  • This is IPS’s 2nd transaction in the Building Materials sector.
  • This is IPS’s 1st transaction in Canada.

M&A Deal Summary

Date 2015-11-09
Target Schwartz Chemical - Solvent Cement Assets
Sector Building Materials
Buyer(s) IPS
Sellers(s) Schwartz Chemical
Deal Type Divestiture

Target

Schwartz Chemical - Solvent Cement Assets

Canada
Schwartz Chemical - Solvent Cement Assets provides adhesives, solvent cements, labor-saving plumbing specialty items and numerous components and supplies.

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Buyer(S) 1

Buyer

IPS

Compton, California, United States

Category Company
Founded 1954
Sector Chemicals
DESCRIPTION

IPS is a manufacturer of a wide range of adhesive cement, structural adhesives, and niche plumbing products primarily for residential, commercial, industrial, and international markets. IPS was founded in 1954 and is based in Compton, California.


DEAL STATS #
Overall 2 of 4
Sector: Building Materials M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Canada M&A 1 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-18 American Brass and Aluminum Foundry

Los Angeles, California, United States

American Brass and Aluminum Foundry, Inc. is a producer and marketer of bath wastes, plastic, cast iron and brass plumbing drains and fittings, cleanouts and associated accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Integra Adhesives

Abbotsford, British Columbia, Canada

Integra Adhesives, Inc. is a manufacturer of specialty adhesives used to permanently bind engineered stone, natural stone, quartz, and solid-surface building products and interior finishes such as countertops. Its products are largely methacrylate, epoxy, and polyurethane-based.

Buy -

Seller(S) 1

SELLER

Schwartz Chemical

Pickering, Ontario, Canada

Category Company
Founded 1969
Sector Building Materials
DESCRIPTION

Schwartz Chemical Corporation has been offering plumbers and consumers a full line of proven solvent cements, primers and cleaners for professional ABS, PVC and CPVC plumbing projects.


DEAL STATS #
Overall 1 of 1
Sector: Building Materials M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 1 of 1