Perimeter Solutions, globally renowned company in fire safety chemical solutions, has announced 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. FORTIFY Fire Retardant technology The addition of FORTIFY technology, which is used in ground-based applications, complements Perimeter Solution’s industry renowned PHOS-CHEK Fire Retardant aerial and ground technology. LaderaTech President & Chief Executive Officer, Wes Bolsen will be joining Perimeter Solutions as the Director of Wildfire Prevention in Perimeter's Fire Safety Solutions business. According to Edward Goldberg, Chief Executive Officer (CEO) of Perimeter Solutions, the acquisition of LaderaTech and FORTIFY is consistent with Perimeter's to bring the world's renowned fire safety technology to the market. Developing effective fire safety products Developing and discovering new effective fire safety products and technology is a passion at Perimeter Solutions" "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," Edward said. He adds, "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, Jessa Acosta and Paul Franzia." Firefighting technology veterans LaderaTech was formed in 2018 and subsequently obtained global exclusive rights to patented firefighting technology developed by Stanford University and the Massachusetts Institute of Technology. In early 2019, the company commercialized the FORTIFY Fire Retardant technology. It has seen widespread use in ground-based applications by public utilities, state and federal agencies and municipalities. Fire management solutions major Perimeter Solutions is recognized around the world for bringing the best technology to the fire management industry According to Wes Bolsen, the opportunity to work with Perimeter Solutions and the company's ability to help FORTIFY technology reach its commercial potential was a good fit. "Perimeter Solutions is recognized around the world for bringing the best technology to the fire management industry.” “With the addition of the FORTIFY technology, they will add a durable, season-long proactive wildfire solution, as well as a platform for the delivery of agricultural chemicals to their already impressive portfolio of products," he said. Fire-fighting chemicals producer In the Fire Safety market, Perimeter Solutions is a comprehensive supplier of fire safety and management products, equipment, personnel, logistics and services. Perimeter Solutions operates as one of the top global producer of fire-fighting chemicals with a broad product offering across fire retardant and fire suppressant foam applications. Perimeter Solutions is the only company with fire retardant products qualified for use by the USDA Forest Service (USFS). The company manufactures and markets major brands including PHOS-CHEK and FIRE-TROL retardant, foam and gel products; AUXQUIMIA foam products, SOLBERG foam products/systems hardware, and BIOGEMA extinguishing agents and retardants.