RPM Purchases TX Manufacturing Plant
Last week, global coatings company RPM International Inc. announced its procurement of a 178,000-square-foot chemical manufacturing facility.
The facility is reportedly located on 120 acres in Corsicana, Texas.
“The addition of the Corsicana plant allows us to expand production of several of our high-growth product lines while also streamlining our manufacturing processes and creating efficiencies,” stated Frank C. Sullivan, RPM Chairman and CEO.
RPM added in its press release that the facility would be repurposed to act as a manufacturing campus for a number of RPM’s operating companies and would also provide opportunities for expansion to meet its customer demand and strengthen its supply chain.
The facility will be owned and operated by the company’s Tremco Construction Products Group. In addition to acquiring the land, facility and equipment, the Tremco Group is expected to hire the plant's more than 80 existing employees and reports that it could potentially hire more employees in the future.
“The Corsicana plant was appealing to us for a number of reasons. By purchasing a fully operational facility, we can hit the ground running almost immediately, avoiding much of the cost, time and environmental impact associated with building a new plant,” continued Sullivan.
“However, the greatest asset we will acquire is the plant’s existing employees and management operating team, who bring with them decades of experience and a high level of competency that will enable them to quickly and effectively convert the plant to meet our manufacturing needs. We look forward to this expansion into Corsicana and believe it will be beneficial both to RPM and the local community.”