Icynene LaPolla Merger Finalized
Icynene and Lapolla Merger Brings More to Canadian Construction MarketSpray foam insulation leaders join forces to drive innovation and expand product offerings
Jan. 23, 2018, 10:50 AM
MISSISSAUGA, Ontario, Jan. 23, 2018 (GLOBE NEWSWIRE) — Icynene U.S. Holding Corp. (“Icynene”) and Lapolla Industries Inc. (“Lapolla”) (OTCQX:LPAD) have finalized their previously announced merger, to deliver best-in-class capabilities and services to the Canadian construction market. The alliance will provide Canadian builders, architects, contractors and end-users with a more robust product mix and will accelerate the pace of research and innovation within the spray foam insulation category.
The two companies will operate as Icynene-Lapolla, and will continue to manufacture and distribute spray foam polyurethane foam insulation (“SPF”) products, roof coating systems and related equipment.
Mark Sarvary, Chief Executive Officer of Icynene-Lapolla, comments, “We will continue to provide Canadian builders, architects and property owners with the best choices and technical advancements in SPF. We will also continue our ongoing support to our extensive and expert contractor network, so they can ensure the highest quality outcome in the application of our products.”
Icynene-Lapolla will be headquartered in Houston, Texas and will also maintain its Canadian offices and manufacturing facility in Mississauga, Ontario.