Press Release

Press release ICP Industrial Inc., makers of Nicoat® & MinusNine coatings, expands its global presence with formation of ICP Industrial Canada, Inc.

Itasca, Illinois July 9, 2018 – ICP Industrial Inc. announces formation of ICP Industrial Canada, Inc. and partnership with Divicor Inc.

ICP Industrial Inc., a division of Innovative Chemical Products Group (the ICP Group), and the global leader in the development, application, and technical support of specialty coatings for the packaging, labeling, and graphic arts industry with leading brands Nicoat® and MinusNine Technologies, announces the formation of ICP Industrial Canada, Inc. along with a strategic partnership with Divicor, a manufacturer's representative firm based in Montreal, QC servicing the Canadian market.

With manufacturing operations in the United States and Mexico, the additional footprint in Canada will serve as a compliment to its international growth strategy. Furthermore, by forming ICP Industrial Canada Inc., we will have the ability to better service its growing customer base and offer them an unmatched product portfolio. "We are extremely excited to announce our entrance into the Canadian market as we see tremendous growth opportunities in the markets that we serve. Our organization is aligned to meet the leading quality and service standards that our customers expect and we look forward to bring these values to both existing customers who have facilities in Canada and new customers who we have previously not had the opportunity to support." said Paul Grzebielucha, President of ICP Industrial.

In addition to this formation, ICP Industrial Canada has entered into a strategic partnership with Divicor, a manufacturer's representative firm that will support its efforts in supplying its pressroom consumables to the Canadian market. Divicor is represented by Stéphane Fortin and his team who have been leaders in the consumable sector for over 30 years and has deep knowledge and expertise of the printing industry.

Stephane Fortin stated, "When presented with the opportunity to partner with a global leader like ICP Industrial, I knew it was the right decision for our company. ICP Industrial has a long-standing history of delivering an exceptionally robust and high-quality product portfolio supported by strong management who invests in technology and is growth-focused. It was a win-win situation for both organizations." Mark Concannon, Vice President of Sales & Marketing at ICP Industrial stated, "The partnership with Divicor is essential to our global growth and we saw a perfect opportunity to gain immediate momentum as we enter into the Canadian market. Stephane and his group are an excellent complement to our services and we look forward to a successful partnership together."

ICP Industrial Canada, Inc. operations are fully operational at time of this press release.

This press release is also available online on www.icpindustrial.com/news


About ICP Industrial, a division of the ICP Group

ICP Industrial is a global leader in the development, application, & technical support of specialty coatings. Our industrial platform, led by trusted brands Nicoat® and MinusNine, delivers innovative solutions to the packaging, labeling and graphic arts industries. Our team of R&D, Technical Service, and Technical Sales Managers support customers to leverage our portfolio of high performance aqueous, UV/LED/EB silicone and specialty coatings and adhesive technologies. Our passion is delivering high-quality customer solutions, dedication to quick turnaround times, and industry-leading custom innovation.

About ICP Group

Innovative Chemical Products (ICP Group) is a leading specialty chemical company engaged in the formulation, manufacturing, and marketing of coatings, adhesives, sealants, and elastomers (CASE). With operations headquartered in Andover MA, and divisional headquarters in Massachusetts, Ohio, and Illinois, ICP serves multiple end markets, including OEM, industrial, building materials, packaging, printing, specialty construction, and sports surfaces. ICP Group is privately held and manufactures products under several recognized, specialty brands. For more information about the Construction, Adhesives & Sealants, and Industrial divisions of ICP Group, visit www.icpgroup.com.


Contact

ICP Industrial
Don Newberry, Senior Marketing Manager
630-860-7070
dnewberry@icpindustrial.com

DIVICOR
Stéphane Fortin
info@divicor.ca