Acquisition strengthens ICP's roofing product offerings and brings together complementary manufacturing expertise and capabilities.

ICP Group, a leading specialty chemical manufacturer in North America and global leader in professional building products, today announced the acquisition of certain assets of R.M. Lucas, including the Lucas brands and related manufacturing and business assets. The acquisition expands ICP's roofing portfolio and strengthens its manufacturing capabilities to better serve customers across the roofing industry.

Founded in 1912, R.M. Lucas has a longstanding history of developing and manufacturing professional-grade coatings, sealants and adhesives for the roofing and waterproofing markets. Its portfolio includes roof restoration systems, protective coatings, cements and sealants designed to support roofing contractors and building professionals.

“R.M. Lucas has built strong brands and longstanding customer relationships in the roofing industry,” said Jay Doubman, CEO of ICP. “We see a strong strategic fit between our businesses and are excited about the opportunities ahead for our customers and our teams.”

The acquisition brings together complementary product portfolios, technical expertise and manufacturing capabilities, further strengthening ICP's ability to provide roofing solutions that meet the evolving needs of contractors, distributors and building owners.

Lucas customers will continue to purchase Lucas-branded products following the acquisition as the teams begin the integration process. ICP remains focused on supporting existing customer relationships while exploring opportunities to leverage the combined capabilities of both businesses.

For more information about ICP and its portfolio of building products, visit www.icpgroup.com.

About ICP

Innovative Chemical Products (ICP) Group is a leading specialty chemical manufacturer in North America and provides coatings, adhesives and sealants globally. With operations headquartered in Andover, Massachusetts, and multiple manufacturing facilities around the world, ICP serves multiple end markets, including building materials, specialty construction and sports surfaces. ICP is privately held and manufactures products under several recognized specialty groups. For more information, visit www.ICPGroup.com.

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