Accella says that the acquisition further supports its strategy of building the leading polyurethane systems house in North America, with an even stronger presence on the West Coast. The combination brings together an expansive polyurethane technology portfolio, regional manufacturing and technical application expertise, supported by an expanding national sales channel when combined with business unit MarChem Polyurethane Systems and previous acquisitions Arnco and Pathway Polymers.
"IPS and Accella have over 40 years of experience with polyurethane technology and proprietary formulations," said Accella CEO Andy Harris in a prepared statement. "IPS is an excellent fit with Accella's current polyurethanes business and will bring expanded technology and capabilities to both companies."
Ezzat Seif, the founder and former CEO of IPS Polymer Systems, will stay with the business and continue on the leadership team. "We are delighted to be a part of the Accella team and are excited to expand the value we provide to a broader customer base," said Seif. "We selected Accella as a good cultural fit and to bring greater opportunities to our valued employees and customers."
Accella operates nine manufacturing facilities in the United States, Europe and China.