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RPM International Inc. has announced that its Tremco Inc. subsidiary has signed a definitive purchase agreement to acquire Illbruck Sealant Systems, a Germany-based of manufacturer of high-performance sealant and installation systems.
With sales of approximately 160 million euros (about $213 million USD), Illbruck is a Pan-European manufacturer of installation systems for mounting, fixing, assembling and sealing pre-fabricated construction elements and window and door applications.
Illbruck's systems are highly specified throughout Europe and are sold primarily to professional window and door applicators. Illbruck's product line includes joint sealing tapes, flashing tapes, cartridge sealants and adhesives, strips, foils and accessories.
"Illbruck has a strong strategic and cultural fit with RPM and its Tremco Sealants Division,” said RPM CEO Frank C. Sullivan. “Illbruck is a highly recognized, premium brand throughout Europe and will provide increased momentum in Europe's primary markets for additional Tremco and RPM products."
Illbruck was founded in 1952 by Willi and Christine Illbruck and is currently owned by their son and daughter, Sabina and Michael Illbruck.
The Illbruck management team, headed by Reiner Eisenhut, will continue to operate Illbruck in coordination with Tremco's Sealant Group, which is managed by Randy Korach.
"We are excited about the people and the product technologies that the Illbruck acquisition affords the Tremco Sealant Group,” Korach said. “This acquisition gives Tremco Sealants a global footprint in its core waterproofing and sealant system technologies."
This transaction is anticipated to close after the appropriate European government approvals, in about four weeks.
RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings and sealants serving both industrial and consumer markets. RPM's industrial brands include Stonhard, Tremco, Carboline, Day-Glo, Euco and Dryvit.
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