RPM International Inc.'s Building Solutions Group has acquired Park Dis Ticaret A.S., a supplier of sealants, tapes and membranes to construction markets in Turkey. Terms were not disclosed.
Park, based in Istanbul, has annual sales of about $10 million, RPM said. Park was founded in 1994 by Adnan Akin and distributes high-performance sealants, weatherseals, structural silicones, one-side and double-side adhesive tapes, and adhesives to customers in Turkey, Russia and the Middle East.
"This acquisition will provide Tremco illbruck and the RPM Building Solutions Group (BSG) a strong base from which to grow our international presence," said RPM chairman and CEO Frank C. Sullivan.
"As part of the RPM BSG, Park will also be able to expand its product offerings into new categories, such as firestopping.
"We look forward to having Adnan Akin and his management team join RPM."