Integrity Partners Group — a newly-formed chemical distribution platform owned by OpenGate Capital — announced Oct. 17 that it has acquired the military/aerospace division from cleaning solutions manufacturer West Penetone.
IPG was launched in June of this year out of a partnership between chemical distributors ChemSolv and Chemisphere
IPG said the addition expands its value proposition and customer offerings further downstream with environmentally-friendly chemical solutions that address the recurring, cleaning and maintenance requirements of the aerospace and defense industry.
“Acquisition of the product portfolio and intellectual property from West Penetone is an important development in the growth and expansion of our business,” IPG CEO Darren Birkelbach said in a news release. “We are now able to serve more customers with a broader and specific offering including propriety formulations acquired from West Penetone. We are excited to build on the highly successful business with the expanded capabilities of IPG.”
Financial terms of the deal wwere not disclosed.