ICP Acquires Fomo Products by Adhesives Division
Innovative Chemical Products Group announced the completion of the acquisition of Fomo Products Inc. Fomo Products will be integrated into ICP Adhesives and Sealants, Inc., a division of the ICP Group.
Headquartered in Norton, Ohio, Fomo Products was founded in 1975 and is a manufacturer of low pressure one- and two-component polyurethane foam sealants, adhesives, pour-in-place and spray foam in pressurized, disposable, and refillable packaging. Additional markets include mine ventilation air sealant applications.
“We are enthusiastic to join the ICP Adhesives team,” said Stefan Gantenbein, president and COO of Fomo Products. “The opportunity for continued growth and our complementary cultures make this an ideal fit. Through sharing best practices, scalable operational capacity, advanced technologies and talented leadership and employees, we can leverage both companies’ capabilities to deliver great value to our customers.”
Gantenbein has been named division president of ICP Adhesives.
As part of the larger platform company, ICP Group, the ICP Adhesives division provides opportunity for continued growth, and added strength through raw material purchasing synergies, technological collaboration, and shared service. With the addition of Fomo’s extensive product offerings, patented technologies and talented employee base, ICP Adhesives further expands its leadership position in the polyurethane adhesives and sealants market.
“We are excited to welcome Fomo Products to the ICP Adhesives family,” said Doug Mattscheck, CEO of ICP Group. “These combined products and technologies propel us into a new chapter for the business. Additionally, these acquisitions will strengthen our ability to support our customers through innovation, as we continue to lead the specialty coatings and adhesives markets.”