Coatings Industry News

Main News Page


RPM Acquires NC Bridge Repair Firm

Tuesday, July 12, 2016

Comment | More

Specialty coatings and sealants giant RPM International has added to its portfolio with the acquisition of Applied Polymerics Inc. & Marketing Associates Inc. (API/MAI), an infrastructure maintenance company based in Mount Airy, NC.

API/MAI, which has been in the engineering and contracting business since 1994, will keep its current leadership but will become part of RPM’s Universal Sealants Limited (USL) subsidiary, a U.K.-based business that deals in bridge repair and expansion joints.

Distributor and Contractor

USL distributes coatings and other products for infrastructure products, and, according to RPM, has joint venture partnerships in countries including Singapore, Malaysia, China and Hong Kong.

API/MAI is a contractor and applicator, sealing joints and replacing or repairing expansion joints on bridges, repairing cracks and potholes in pavement, and performing other infrastructure repairs.

Workers apply USL products on a bridge
RPM International

RPM's Universal Sealants Limited subsidiary distributes products related to bridge repair and expansion joints.

RPM says it hopes to use USL’s resources to help make API/MAI a national name in the U.S.

“RPM's USL subsidiary […] has a wide range of products and know-how that will enable API/MAI to expand its reach and become a national player throughout the U.S. in compatible market spaces," said Frank C. Sullivan, RPM chairman and CEO.

"API/MAI's historical track record with local Department of Transportation divisions will greatly accelerate acceptance in the market and provide the opportunity to sell high-value, differentiated technologies to solve larger and more complex bridge and road repair needs."

Financials

According to RPM, API/MAI has annual sales of about $14 million. RPM, a global conglomerate with many subsidiaries, had net sales of $4.59 billion last year, according to financial statements.

Terms of the deal have not been disclosed. According to RPM, the acquisition is expected to be accretive to earnings within one year.

RPM’s coating and sealant subsidiaries include industrial and specialty brands Tremco, Stonhard, Carboline and Pettit, and consumer brands Rust-Oleum and DAP. RPM’s Tremco group recently acquired Austrialian waterproofing firm Duram Industries.

   

Tagged categories: Asia Pacific; Bridges; EMEA (Europe, Middle East and Africa); Expansion joints; Infrastructure; Latin America; Mergers; North America; Program/Project Management; RPM; Sealant; Universal Sealants

Comment Join the Conversation:

Sign in to our community to add your comments.


Advertisements
 
Fischer Technology Inc.

 
KTA-Tator, Inc. - Corporate Office

 
SAFE Systems, Inc.

 
Tarps manufacturing, Inc.

 
Mitsubishi Gas Chemical America

 
NLB Corporation

 
HoldTight Solutions Inc.

 
Sauereisen, Inc.

 
WEFTEC Show

 
ABKaelin, LLC

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us