MEDINA, Ohio, Nov. 2, 2016 /PRNewswire/ -- RPM
International Inc. (NYSE: RPM) today announced that it has acquired
Adhere Industrial Tapes Ltd. to be part of its tremco illbruck
business group. Adhere manufactures a wide variety of single- and
double-sided foam tapes used in construction and industrial
applications. Based in Colchester,
in the United Kingdom, it has
annual net sales of approximately $6
million. Terms of the transaction, which is expected to be
accretive to earnings within one year, were not disclosed.
"Our tremco illbruck business has an extensive sales force and
marketing resources that will help Adhere expand within the U.K.
construction and industrial sectors and into other European markets
as well," stated Frank C. Sullivan,
RPM chairman and chief executive officer. "We intend to leverage
Adhere's wide range of products and excellent customer service to
generate significant new marketplace opportunities for tremco
illbruck."
Headquartered in Cologne,
Germany, tremco illbruck is a provider of high-performance
sealing, bonding, flooring, waterproofing and passive fire
protection products for the construction and manufacturing
industries. Regarded as one of the innovation leaders in the
sealing industry for the past 60 years, its specialized product
brands include illbruck, Tremco and Nullifire for construction
industries and Pactan for OEM manufacturers.
About RPM
RPM International Inc. owns subsidiaries
that are world leaders in specialty coatings, sealants, building
materials and related services across three segments. RPM's
industrial products include roofing systems, sealants, corrosion
control coatings, flooring coatings and other construction
chemicals. Industrial companies include Stonhard, Tremco, illbruck,
Carboline, Flowcrete, and Euclid Chemical. RPM's consumer products
are used by professionals and do-it-yourselfers for home
maintenance and improvement and by hobbyists. Consumer brands
include Rust-Oleum, DAP, Zinsser, Varathane and Testors. RPM's
specialty products include industrial cleaners, colorants, exterior
finishes, specialty OEM coatings, edible coatings, restoration
services equipment and specialty glazes for the pharmaceutical and
food industries. Specialty segment companies include Day-Glo,
Dryvit, RPM Wood Finishes, Mantrose-Haeuser, RPM Belgium, Legend
Brands, Kop-Coat, and TCI. Additional details can be found at
www.rpminc.com and by following RPM on Twitter at
www.twitter.com/RPMintl.
For more information, contact Barry M.
Slifstein, vice president – investor relations, at
330-273-5090 or bslifstein@rpminc.com.
This press release contains "forward-looking statements"
relating to our business. These forward-looking statements, or
other statements made by us, are made based on our expectations and
beliefs concerning future events impacting us, and are subject to
uncertainties and factors (including those specified below) which
are difficult to predict and, in many instances, are beyond our
control. As a result, our actual results could differ materially
from those expressed in or implied by any such forward-looking
statements. These uncertainties and factors include (a) global
markets and general economic conditions, including uncertainties
surrounding the volatility in financial markets, the availability
of capital and the effect of changes in interest rates, and the
viability of banks and other financial institutions; (b) the
prices, supply and capacity of raw materials, including assorted
pigments, resins, solvents and other natural gas- and oil-based
materials; packaging, including plastic containers; and
transportation services, including fuel surcharges; (c) continued
growth in demand for our products; (d) legal, environmental and
litigation risks inherent in our construction and chemicals
businesses and risks related to the adequacy of our insurance
coverage for such matters; (e) the effect of changes in interest
rates; (f) the effect of fluctuations in currency exchange rates
upon our foreign operations; (g) the effect of non-currency risks
of investing in and conducting operations in foreign countries,
including those relating to domestic and international political,
social, economic and regulatory factors; (h) risks and
uncertainties associated with our ongoing acquisition and
divestiture activities; (i) risks related to the adequacy of our
contingent liability reserves; and (j) other risks detailed in our
filings with the Securities and Exchange Commission, including the
risk factors set forth in our Annual Report on Form 10-K for the
year ended May 31, 2016, as the same may be updated from time to
time. We do not undertake any obligation to publicly update or
revise any forward-looking statements to reflect future events,
information or circumstances that arise after the date of this
release.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/rpm-acquires-uk-industrial-tape-manufacturing-business-300356076.html
SOURCE RPM International Inc.