BNET Industries

Last Fiscal Year Sales:$31.8M
  • Public
  • US
Dow Jones Description

IFT Corporation is a holding company focused on acquiring and developing companies that operate in the coatings, paints, foams, sealants, and adhesives markets. We have two wholly-owned subsidiaries, Infiniti Products, Inc. (Infiniti) and LaPolla Industries, Inc. (LaPolla). Our Infiniti subsidiary markets, sells, manufactures and distributes acrylic roof coatings, roof paints, sealers, and roofing adhesives to the home improvement retail and polyurethane foam systems to the industrial/commercial construction industries. During the latter part of 2004, Infiniti built and is operating a manufacturing plant in the Southeastern United States to decrease its reliance on outside toll blenders and increase its product margin mix. During the first quarter of 2005, we engaged a proven sales and marketing team, and made our first acquisition to support our strategic growth plan. On February 11, 2005, we closed our acquisition of LaPolla, a manufacturer of acrylic roof coatings and sealers, and provider of polyurethane foam systems to the industrial/commercial construction industries. The acquisition broadened our customer base and established us as a leader in the roof coatings industry.

CEO and President
Douglas J. Kramer
Number of Employees 66
Contact Information

Intercontinental Business Park

15402 Vantage Parkway East, Ste. 322

Houston, Texas 77032

lapollaindustri...

281-219-4700

NAICS Code Lessors of Nonfinancial Intangible Assets (except Copyrighted Works): 533110

Recent Events

  • Lapolla Signs Agreement With Exova for Canadian Field Inspection

    11/20/09 - Joint Venture / Alliance - View Story

  • Lapolla Reports Record Third Quarter 2009 Results

    11/02/09 - Financial Announcement - View Story

  • Lapolla Reports Second Quarter 2009 Results

    8/14/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio) Position
Douglas J. Kramer CEO and President
Michael T. Adams Executive Vice President, Chief Governance Officer & Interim Chief Financial Officer and Treasurer

Board of Directors

Name (plus bio) Position
Richard J. Kurtz Chairman of the Board

CEO and President since July 12, 2006. Prior thereto, president and chief operating officer from January 28, 2005 to July 12, 2006. Mr. Kramer was employed by Foam Enterprises, Inc., a wholly-owned subsidiary of the BASF Corporation, which manufactures polyurethane foam systems for the construction and OEM markets. He held various positions at Foam Enterprises during his more than 7 years of employment. Mr. Kramer began in 1997 as western regional sales manager and immediately prior to joining IFT, was vice president of construction products. Mr. Kramer attended and studied Liberal Arts at Penn State University, New Kensington, Pennsylvania from 1982 to 1983 and Austin Community College and University of Texas from 1983 to 1986 in Austin, Texas.

Organization Position Status
Lapolla Industries, Inc. CEO and President Current
IFT Corporation President & Coo Former
IFT Corporation Western Regional Sales Manager Former
BASF Foam Enterprises Former
The University of Texas Former
The Pennsylvania State University Former
Austin Community College Former

Organization Position Status
Lapolla Industries, Inc. Executive Vice President, Chief Governance Officer & Interim Chief Financial Officer and Treasurer Current
Nova Southeastern University B.S. & M.S. in Business Administration Former

Mr. Kurtz has been chief executive officer of the Kamson Corporation, a privately held corporation, for the past 30 years. The Kamson Corporation has its principal executive offices located in Englewood Cliffs, New Jersey and currently owns and operates eighty one (81) investment properties in the Northeastern U.S. Mr. Kurtz is a graduate of the University of Miami and a member of its President's Club. Most notably, the Chamber of Commerce in Englewood Cliffs and the Boy Scouts of America chose him Man of the Year. Mr. Kurtz resides in Alpine, New Jersey and is currently vice president and a member of the Board of Directors for the Jewish Community Center on the Palisades in Tenafly, New Jersey. He is also an elected member of the Board of Trustees and Foundation Board for the Englewood Hospital and Medical Center of New Jersey and the Board of Governors for the Jewish Home and Rehabilitation Center.

Organization Position Status
Kamson Corporation Chief Executive Officer Current
Lapolla Industries, Inc. Chairman of the Board Current
International Fight League, Inc. Member of the Board of Directors Current
University of Miami President Former
University of Miami Member Former
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