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New Owner for Building Material Maker IPS

IPS Corp., Compton, Ca., has been purchased by Sherman Capital Holdings LLC from Nautic Partners LLC, a private equity firm that had been the prior owner for nearly three years.

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IPS Corp., Compton, Ca., has been purchased by Sherman Capital Holdings LLC from Nautic Partners LLC, a private equity firm that had been the prior owner for nearly three years. Selling through the professional trade channel, IPS is a market leader in multiple product categories, including solvent cements, structural adhesives, specialty plumbing and roofing products.

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