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Tremco Buys Canadian Sealants Business

Tuesday, July 14, 2015

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BEACHWOOD, OH--Tremco Group has acquired certain assets of Chemtron Manufacturing Ltd., a Canadian manufacturer of construction adhesives, sealants and tapes for residential, commercial and OEM markets.

Financial terms of the transaction were not disclosed.

Based in Calgary, Alberta, Chemtron Manufacturing has annual sales of approximately $5 million, Tremco said in a July 2 announcement.

Founded in 1958, Chemtron manufactures and markets over 30 products, including adhesives, caulks, glazing tapes, mastics, sealants and related compounds.

Chemtron Manufacturing
Chemtron

Founded in 1958, Chemtron manufactures and markets over 30 products, including adhesives, caulks, glazing tapes, mastics, sealants and related compounds.

Chemtron will now operate as Chemtron International Inc. and will work closely with the Tremco Commercial Sealants & Waterproofing Division, due to synergies between the two businesses, Tremco said.

Tremco CS&W is a North American supplier of building envelope products for commercial and residential construction and industrial applications. 

Expansion in the West

The acquisition will expand Tremco’s logistics with West Coast customers, according to Paul G.P. Hoogenboom, Tremco Group president.

“At the same time, we expect to accelerate Chemtron’s growth beyond the Pacific Northwest by leveraging its products across Tremco’s significant North American sales and distribution network,” said Hoogenboom.

Tremco
Tremco

Chemtron will now operate as Chemtron International Inc. and will work closely with the Tremco Commercial Sealants & Waterproofing Division, due to synergies between the two businesses, Tremco said.

Currently, Chemtron Manufacturing operates a 52,000-square-foot manufacturing plant in Calgary as well as a distribution facility in Edmonton.  The company has been jointly owned by brothers Glenn and David Molnar.

Glenn will join Chemtron International Inc. as general manager and vice president—sales, and his son, Courtland, will take on the role of product line manager, according to Tremco.

A RPM International affiliate company employing nearly 2,000 people, Tremco consists of Tremco Commercial Sealants & Waterproofing, Tremco Roofing and Building Maintenance and Tremco Barrier Solutions.

   

Tagged categories: Adhesive; Building envelope; Building Envelope; Coating chemistry; Construction chemicals; North America; Sealant; Tremco; Waterproofing

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