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People & Business :: Companies

RPM acquires waterproofing products maker in Brazil

3:04 PM MDT | June 11, 2014 | Vincent Valk

RPM says it has acquired Betumat Quimica (Candeias, Brazil), maker of waterproofing products in Bahia state. Betumat makes asphaltic membrances, cement grouts and modified asphalt products for contractors and builders in northern Brazil. The company has annual sales of about $22 million. Terms of the deal, including financial details, were not disclosed. The acquisition is expected to close within 12 months. “Betumat has terrific synergies with Viapol, our Brazilian construction products company acquired in June 2012, and will expand our geographic presence...

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