ICA Acquired by Wynnchurch Capital,
Now Insulation Company of America
As ICA enters its 41st year in the EPS foam industry, we are excited to announce that last month Wynnchurch Capital, L.P., a Rosemont, IL based private equity firm, has invested in Insulation Corporation of America. ICA will unite with Drew Foam and Huntington Solutions as part of Foam Holdings, Inc., a portfolio company of Wynnchurch. Insulation Corporation of America will now be Insulation Company of America, LLC – still known as “ICA”.
The investment from Wynnchurch will help facilitate growth of our business. Along with our existing management, we will continue to lead the ICA team to be leaders in the EPS foam industry.
We are committed to supporting our employees, customers, and suppliers as we continue our strong track record of success supplying quality EPS products with exceptional customer service. The acquired partnership will allow us to build and extend our reach in the foam markets.
Wynnchurch Capital has invested in over 40 companies with combined sales in excess of $5 billion. Wynnchurch has extensive experience partnering with companies to achieve operational excellence, and we look forward to working with them as we accelerate our growth plan.
We are excited to share this news with you. We are grateful for your continued support and we are enthusiastic about the opportunity of resources and growth that will be enabled with our Wynnchurch/Foam Holdings partnership. As it always has been, expanding is our business. We look forward to continuing to serve our customers, to expand product and territories, to serve our community, and provide our employees with a great place to work.
Our very best regards,
Cindy Masiko – President
Sandy Posocco – Vice President