# Centerbridge Partners to acquire IPS Corporation

Centerbridge Partners, L.P. announced a definitive agreement to acquire IPS Corporation from Cypress Performance Group, LLC. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2021-08-11
- Where: United States
- Status: announced
- Products: adhesives, solvent cements, roofing products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Centerbridge Partners](https://endata.com/companies/3451.md) (acquirer)
- [IPS Corporation](https://endata.com/companies/57048.md) (target)

## Sources

- [designworldonline.com](https://www.designworldonline.com/centerbridge-partners-to-acquire-adhesive-and-solvent-company-ips-corporation/), 2021-08-11: "Centerbridge Partners, L.P., a private investment firm, announced a definitive agreement to acquire IPS Corporation from Cypress Performance Group, LLC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.