Brown Gibbons Lang & Company (BGL) and ZETRA International (ZETRA) are pleased to announce the sale of Fomo Products, Inc. (Fomo) to ICP Adhesives and Sealants, Inc. (ICP Adhesives), a division of Innovative Chemical Products (ICP) Group. ICP Group, a portfolio company of Audax Private Equity, is a manufacturer and formulator of specialty coatings, adhesives, and sealants. Fomo and its parent company, FLM Group of Appenzell, Switzerland, were represented in the transaction by BGL and ZETRA.
Headquartered in Norton, Ohio, Fomo is a leading manufacturer of low pressure one- and two-component polyurethane foam sealants, adhesives, pour-in-place and spray foam in pressurized, disposable, and refillable packaging for construction, renovation, insulation, weatherization, OEM, and mine ventilation air sealant applications. Fomo will be integrated with ICP Adhesives, which includes the pressurized polyurethane foam adhesives business formerly known as Polyfoam Products, Inc.
Stefan Gantenbein, President and COO of Fomo has been named division president of ICP Adhesives and said, “The BGL and ZETRA team did a phenomenal job identifying and bringing many high quality global potential partners to the table. We are enthusiastic for this combination and opportunity for continued growth as our complementary cultures make ICP Adhesives an ideal fit.”
Brown Gibbons Lang & Company and ZETRA International, both members of Global M&A Partners, acted as exclusive financial advisors to the Seller. Andrew Petryk and Kevin Sargent led the transaction from BGL, and Lukas Raschle and Fredrik Isler led the transaction from ZETRA.
ZETRA International AG is a leading independent advisory company for Mergers & Acquisitions, Restructuring and Real Estate, with offices in Zurich and Basel. Our professionals align a wide background of complementary skills (M&A, corporate finance, corporate restructuring, debt advisory, real estate, succession planning, strategy and business advisory, board membership etc.) and have completed a total of over 180 M&A and real estate transactions as well as 120 corporate restructuring projects. According to Mergermarket league tables, ZETRA is the Nr. 1 middle market M&A advisor both for the year 2015 as well as for the time period between 2010 and 2015. For more information, please visit www.zetra-international.com.