Matrix Adhesives Group (“Matrix” or the “Company”), a TruArc Partners (“TruArc”) portfolio company and provider of advanced adhesive and sealant solutions for renovation and construction, industrial, commercial, and specialty applications, today announced that it has acquired IPS Adhesives (“IPSA”), a provider of high-performance adhesives serving building and construction, transportation, industrial, and marine industries, from the parent company of IPS Corporation (“IPS”). Terms of the transaction were not disclosed.
In partnering with IPSA, Matrix reinforces its position as a scaled specialty adhesives platform by expanding its branded product offering, technologies portfolio, and global reach. As part of the acquisition, IPSA will add six established brands and broaden Matrix’s exposure to specification-driven applications across industrial durables, marine, building and construction, and sign and display markets. The transaction also expands Matrix’s international presence through IPSA’s established European footprint, distributor network, and customer relationships.
“This strategic partnership enhances our ability to deliver differentiated, value-added solutions to our customers,” said DJ Johnson, CEO of Matrix Adhesives Group. “We are pleased to welcome the IPS Adhesives team to the Matrix family of ‘passionate people creating bonds’, and truly appreciate TruArc’s strong commitment to our shared growth ambitions.”
Previously owned by IPS, an innovator in specialty chemical solutions for plumbing and construction applications, IPSA is a provider of high-performance adhesives with expertise in Methyl Methacrylate (MMA) technology and other advanced technologies. MMA adhesives are increasingly specified in demanding applications due to their fast cure times, minimal surface preparation requirements, and ability to bond dissimilar materials. The addition of IPSA further expands Matrix’s technical capabilities and positions the Company to pursue growth opportunities driven by demand for advanced adhesive solutions. Scott McDowell, President of IPSA, will remain on board as a key member of the Matrix leadership team.
“Joining Matrix represents an exciting milestone for the IPS Adhesives team,” said Scott McDowell, President of IPS Adhesives. “Our associates have worked tirelessly to create a company that is widely recognized for its broad suite of products, trusted brands, and passion for solving our customers’ toughest bonding challenges. Becoming part of the Matrix family will allow us to preserve our strong market position in MMA solutions, while gaining the scale, resources, and global platform to support our growth plans. I couldn’t be more excited about what this partnership means for our customers, our team, and our future.”
IPSA represents Matrix’s first acquisition following TruArc’s strategic investment in March 2026.
TruArc Operating Partner Rich Rowe commented; “We are very pleased to welcome the IPSA team into the Matrix family as we believe this acquisition strengthens the Company’s capability to deliver differentiated solutions to customers in its core markets in North America and abroad.”
“This acquisition represents an important milestone in Matrix’s growth strategy and provides Matrix with the ability to further expand its portfolio of branded products, advanced adhesive technologies, and global market reach,” said John Pless, Co-Managing Partner at TruArc. “We look forward to supporting the Matrix team as they integrate IPS Adhesives’ highly complementary capabilities and continue building a high-quality specialty adhesives platform.”
Chemlink Partners served as financial advisor to Matrix. Davis Polk & Wardwell LLP served as legal counsel to Matrix. BMO Capital Markets Corp. served as financial advisor to IPS. Latham & Watkins LLP served as legal counsel to IPS.
About Matrix Adhesives Group
Matrix Adhesives Group is an adhesive and sealant solutions development partner. The company specializes in formulating, filling, blending, and contract packaging for consumer and industrial markets. For more information, please visit www.matrixadhesives.com.
About IPS Adhesives
IPS Adhesives is a provider of adhesives serving the surfacing, structural, and assembly industries. With a combined 65 years of expertise in research and development, its products are recognized by OEMs and fabricators globally for their quality, strength, and reliability. IPS Adhesives has three state-of-the-art manufacturing facilities on two continents and a broad network of distributors serving countries worldwide. For more information, please visit: www.ipsadhesives.com.
About TruArc Partners
TruArc Partners is a private equity firm focused on middle-market investments. TruArc focuses on companies in attractive sub-sectors across specialty manufacturing and business services. The TruArc investment team collaborates with its operating partners and portfolio management teams to create value through a transformational growth strategy led by organic or acquisition-driven growth. To learn more about TruArc visit www.truarcpartners.com.
Disclosure: All endorsements and/or testimonials are from current or former portfolio company executives about TruArc’s ability to provide operational support to their companies. In certain cases, the executives are investors or co-investors in TruArc’s vehicles. The executives have not been paid, directly or indirectly, for their testimonial or endorsement but as an investor or co-investor they are inherently incentivized to endorse TruArc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260727144888/en/
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