Perimeter Solutions Acquires LaderaTech and FORTIFY®-Brand Fire Retardant Technology

Perimeter Solutions, the world fire safety chemical solutions, announced today that it has completed the acquisition of Colorado-based LaderaTech, a biomaterials company with commercial technology in wildfire prevention and the delivery of agriculture chemicals. The acquisition includes LaderaTech's FORTIFY® Fire Retardant technology and rights to associated intellectual property. The addition of FORTIFY technology – which is used in ground-based applications – complements Perimeter's industry leading PHOS-CHEK® Fire Retardant aerial and ground technology. LaderaTech President & CEO Wes Bolsen will be joining Perimeter Solutions as the Director of Wildfire Prevention in Perimeter's Fire Safety Solutions business.

According to Edward Goldberg, CEO of Perimeter Solutions, the acquisition of LaderaTech and FORTIFY® is consistent with Perimeter's to bring the world's best fire safety technology to the market. "Developing and discovering new, more effective fire safety products and technology is a passion at Perimeter Solutions. We saw the FORTIFY® technology as an opportunity for us to deploy superior fire prevention and protection performance and to expand the number of places we can put our solutions to work helping to prevent and fight wildfires," he said. "We are excited about the opportunity to have an entrepreneur with the expertise and experience of Wes Bolsen join our team – and continue our relationships with the other LaderaTech founders, Dr. Eric Appel, Jesse Acosta and Paul Franzia." he said.