Mergers & Acquisitions
ICP Acquires R.M. Lucas Roofing Brand
Deal expands ICP’s roofing portfolio with R.M. Lucas coatings, sealants, adhesives and restoration products
ICP Group has acquired certain assets of R.M. Lucas, adding the longtime roofing coatings, sealants and adhesives brand to its building products portfolio.
The Andover, Mass.-based specialty chemical manufacturer announced the acquisition Nov. 10. The deal includes the Lucas brands and related manufacturing and business assets. Financial terms were not disclosed.
Founded in 1912, R.M. Lucas manufactures products for roofing and waterproofing applications, including roof restoration systems, protective coatings, cements, sealants and adhesives.
“R.M. Lucas has built strong brands and longstanding customer relationships in the roofing industry,” ICP CEO Jay Doubman said. “We see a strong strategic fit between our businesses and are excited about the opportunities ahead for our customers and our teams.”
ICP said the acquisition combines complementary product portfolios, technical expertise and manufacturing capabilities while expanding its roofing offerings.
Customers will continue to purchase Lucas-branded products as the companies begin the integration process, according to ICP. The company did not announce any immediate changes to the Lucas product lineup or customer relationships.
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