Innovative Chemical Products (ICP Group), an Andover, Mass. – based supplier of professional products and solutions for building envelope, cementitious and sports surface needs, acquired Benefect, a leader in next-generation botanical antimicrobials.
The amount of the deal was not disclosed.
Established in 2006 by S. Samuel De Ath, CEO, Benefect is a producer of disinfectant and cleaning supplies for the environmental remediation industry. It is the first government-registered hospital disinfectant using essential oils from plants. Today its botanical technology is used widely around the world to clean and kill germs.
With the acquisition, ICP Group expands ICP Building Solutions Group’s portfolio into sustainable, naturally derived antimicrobial and cleaning applications. Benefect will join together with the Fiberlock brand of abatement and restoration solutions, enabling ICP BSG to offer a complete package of environmental solutions to its customers.
Led by Doug Mattscheck, CEO, ICP Building Solutions Group is a supplier of professional products and solutions for building envelope, cementitious and sports surface needs. Comprising dozens of brands across numerous industries and applications, the group offers comprehensive portfolios to building professionals all over the globe, all backed by its exclusive MasterWorks training and education program.
A portfolio company of Audax Private Equity, the company serves multiple end markets, including building materials, specialty construction, industrial, packaging, printing and sports surfaces.