Combination Creates Leading Manufacturer and Distributor
of High Performance Spray Foam Insulation Products
Mississauga, ONTARIO, CANADA – December 1, 2017 — Icynene U.S. Holding Corp. (“Icynene”) and Lapolla Industries Inc. (“Lapolla”) (OTCQX: LPAD) today announced the completion of their previously announced merger. The combined company is a leading manufacturer and distributor of spray foam polyurethane foam insulation ("SPF") products.
Going forward the two companies will operate as Icynene-Lapolla. Together, the combined business will have offices in Canada and the U.S.
“We are excited about the completion of the merger. The two businesses have complementary SPF products and outstanding customer service, and both have a strong commitment to innovation,” said Mark Sarvary, Chief Executive Officer of Icynene-Lapolla.
Doug Kramer, President, Icynene-Lapolla, added, “It is an exciting time for Icynene-Lapolla. We look forward to expanding the use of our innovative products both regionally and worldwide.”