Gardena, California – April 29, 2019 –
IPS Corporation (“IPS”) and Weld-On Adhesives, Inc.® (“Weld-On”) are pleased to announce the acquisition of T. Christy Enterprises (“Christy’s”), one of North America’s premier manufacturers of solvent cements and adhesives 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, primers and accessories and world class customer service and technical support to all of our customers.”
About IPS and Weld-On
Weld-On Adhesives Inc., a subsidiary of IPS Corporation, is the pioneer and leading manufacturer of Weld-On® solvent cements, primers and cleaners for PVC, CPVC, ABS and other plastic piping systems. Weld-On products are globally recognized as the premium products for joining plastic pipes and fittings. 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.
B. Riley FBR, Inc. is serving as financial advisor to Christy’s, and Latham & Watkins LLP is acting as legal counsel for Christy’s. Miles & Stockbridge P.C. is acting as legal counsel for IPS.
About T. Christy Enterprises
T. Christy Enterprises , a subsidiary of IPS Corporation, is one of North America’s largest manufacturers of adhesives and solvents used in the drainage, waterworks, plumbing, pool and spa, irrigation and fencing industries. The company specializes in creating adhesives and solvents for wet and muddy conditions, cool and wet climates and high productivity environments where fast set/fast cure is critical. The 40-year old company’s Red Hot Blue Glue is the top-rated adhesive for PVC pipe and fittings.