Private equity firm Arcline Investment Management-backed Integrated Polymer Solutions, a designer and engineer of elastomeric components and tools for the defense market, is set to acquire Icon Aerospace Technology, a manufacturer of polymer components for aerospace and defense market. Financial terms were not disclosed. "This acquisition broadens IPS' design and manufacturing capabilities and will allow us to deliver new, innovative solutions to our customers. We're excited to partner with Icon's management team and are committed to investing in Icon's manufacturing capabilities to better serve their existing customers," Rich McManus, IPS CEO.