TruArc-backed Matrix Adhesives Group acquires IPS Adhesives unit of IPS Corp

• Matrix Adhesives Group, a TruArc Partners portfolio company, acquired IPS Adhesives from IPS Corp.’s parent to expand its specialty adhesives platform.
• Deal adds MMA adhesive technology, six established brands, broader reach in construction, industrial, marine markets, and a larger European footprint.
• Scott McDowell will remain as president of IPS Adhesives and join Matrix’s leadership team.
• Transaction terms were not disclosed; it marks Matrix’s first acquisition since TruArc’s March 2026 investment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TruArc Partners LP published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein.