Markets :: Specialty Chemicals :: Adhesives and sealants
RPM’s Tremco Purchases French Sealants Supplier
9:21 AM MDT | March 18, 2008 | Kate Phillips
RPM International says that its wholly owned subsidiary Tremco illbruck International (Cologne, Germany) has acquired Prosytec (Paris) from a subsidiary of Goodrich (Charlotte, NC). Prosytec sells sealants for the construction and window assembly markets in Southern and Eastern Europe. Financial details were not disclosed. Based on RPM’s acquisition history, the deal is expected to be accretive to earnings within 12 months, says Kevin McCarthy, analyst at Bank of America (New York). RPM’s last seven acquisitions, including Prosytec, will contribute...
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