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RPM Expands Protective Coatings Portfolio

Wednesday, January 20, 2010

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RPM International Inc. (Medina, OH) announced that it has acquired the Universal Sealants (U.K.) Limited group of companies, a United Kingdom-based supplier of coatings and construction products and services for bridges and other large infrastructure projects. The announcement came on January 19.

Universal Sealants, which is headquartered near Newcastle, England, and has sales of approximately $55 million, will operate as a stand-alone industrial business in the RPM Performance Coatings Group.

Universal Sealants manufactures, supplies and installs construction products including waterproofing systems, protective coatings, expansion joints and concrete repair products. Its products are primarily used for the construction, maintenance, and repair of bridges, parking structures, tunnels, railways, and other major structures. The company is a market leader in the United Kingdom and Ireland, and has a growing presence in the Middle East.

“The acquisition of the Universal Sealants group marks the continuation of RPM's tradition of purchasing high-quality, family-owned businesses that are leaders in their markets,” said Frank C. Sullivan, RPM chairman and chief executive officer. “Given its established presence in a highly specified industry, Universal Sealants is especially well situated to capitalize on the projected growth in global infrastructure spending. In addition, by leveraging the RPM Performance Coatings Group's expanding geographic presence and global manufacturing base, we expect to help accelerate the growth of Universal Sealants,” Sullivan added.

RPM International Inc., a holding company, owns subsidiaries that provide specialty coatings, sealants, building materials, and related services for the industrial and consumer markets.

Additional details are available at www.rpminc.com.

   

Tagged categories: Acquisitions; Coatings manufacturers; Mergers; RPM; Universal Sealants

Comment from Howard Ackerman, (1/21/2010, 2:37 PM)

Nice to see that RPM continues it's "Growth by Acquisition" and not "Growth by Increased Sales" philosophy....


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