Accella Performance Materials Inc. is acquiring IPS Polymer Systems Inc. to expand the firm's growing polyurethane operation.
The St. Louis-based Accella's strategic plan is to build the leading polyurethane systems house in North America with an even stronger presence on the West Coast, it said. The addition of IPS, which operates out of Rancho Cucamonga, Calif., will help accomplish those goals.
“IPS is an excellent fit with Accella's current polyurethanes business and will bring expanded technology and capabilities to both companies,” Accella CEO Andy Harris said in a statement.
Merger of IPS with Accella, which was formally called Dash Multi-Corp., brings together an expansive polyurethane technology portfolio, regional manufacturing and technical application expertise, Accella said.