IPS Corporation announced the closing of its acquisition by Centerbridge Partners, a private investment firm, from Cypress Performance Group. George Moore and Dan St. Martin will continue to serve as executive chairman and CEO of IPS, respectively. IPS provides a comprehensive offering of specialized, highly engineered industrial products including structural and surface adhesives, solvent cements, and plumbing and roofing…

Centerbridge Partners, L.P., a private investment firm, announced a definitive agreement to acquire IPS Corporation from Cypress Performance Group, LLC. George Moore and Dan St. Martin will continue to serve as executive chairman and CEO of IPS, respectively. IPS provides a comprehensive offering of specialized, highly engineered industrial products including structural and surface adhesives, solvent cements, rough…