PARA PUBLICACIÓN INMEDIATA
CONTACTO: Sophia Ma
Teléfono: 310-886-7642
Correo electrónico: sophia.ma@weldon.com
IPS Corporation® adquiere T. Christy Enterprises.
Gardena, California – April 29th, 2019 – IPS Corporation (“IPS”) and Weld-On Adhesivos, Inc.® (“Weld-On”) are pleased to announce the acquisition of T. Christy Enterprises (“Christy’s”), one of North America’s premier manufacturers of Cemento solventes and Adhesivos and provider of a broad range of accessories. Red Hot Blue Glue, their flagship product, is well-known and respected by contractors throughout the US.
“This acquisition further solidifies the relationship that Weld-On has had with Christy’s for over 40 years” according to Janet Reilly, President of Weld-On. “It is a testament to the value of Christy’s customer relationships, the quality of their products, and the caliber of people that make up their organization. The Weld-On team is very excited to continue to bring even greater value and service to our customers by providing a wider and more diverse offering of cements and accessories that Weld-On and Christy’s together bring to the market.”
Adds Jon Christy, Long-Time President of Christy’s, “Being a part of the IPS family of businesses gives Christy’s access to an enhanced global reach, significant research and development and a world-renowned customer and technical support system. We couldn’t be more excited to renew and leverage this relationship with Weld-On to provide industry-leading cements, Imprimadors and accessories and world class customer service and technical support to all of our customers.”
About IPS and Weld-On
Weld-On Adhesivos Inc., a subsidiary of IPS Corporation, is the pioneer and leading manufacturer of Weld-On® Cemento solventes, Imprimadors and Limpiadors for PVC, CPVC, ABS and other plastic piping systems. Weld-On products are globally recognized as the premium products for joining plastic Tuberías and Conexión (or Accesorio)s. Headquartered in California, Weld-On has state-of-the-art operations throughout the United States, as well as China, and a worldwide network of sales representatives and distributors.
Advisors
B. Riley FBR, Inc. (www.brileyfbr.com) is serving as financial advisor to Christy’s, and Latham & Watkins LLP (www.lw.com) is acting as legal counsel for Christy’s. Miles & Stockbridge P.C. (www.milesstockbridge.com) is acting as legal counsel for IPS.
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Acerca de Weld-On
Weld-On Adhesivos, Inc., subsidiaria de IPS Corporation, es el fabricante pionero y líder de solventes, imprimadores y limpiadores de cemento Weld-On® para sistemas de tuberías de PVC, CPVC, ABS y otros plásticos. Los productos Weld-On son reconocidos mundialmente como los productos premium para la unión de tuberías y conexiones (o accesorios) de plástico. Con sede en California, Weld-On cuenta con operaciones de vanguardia en Estados Unidos y China, además de una red mundial de representantes de ventas y distribuidores.