Audax combines California Products and Nicoat to form ICP

Audax Private Equity said Tuesday it has combined California Products Corp and Nicoat to form Innovative Chemical Products Group (ICP). Doug Mattscheck was named President and CEO of ICP. He was previously CEO of Quest Specialty Chemicals. Andover, Massachusetts-based ICP is a specialty chemical company engaged in the formulation, manufacturing, and marketing of coatings and adhesives.

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