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Matrix Adhesives Group, a TruArc Partners portfolio company, has acquired IPS Adhesives, a provider of high-performance adhesives, from IPS Corporation. Terms were not disclosed.
IPS Adhesives (IPSA) acquired a range of acrylate and methyl methacrylate (MMA) based adhesives from L&L Products. The acquisition expands IPSA's MMA adhesive portfolio for transportation, construction, automotive, marine, and industrial applications.