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Chemical Week Magazine :: Business & Finance :: United States/Americas

RPM resolves pricing dispute with US government, buys tile producer

6:20 AM MDT | September 6, 2013 | —Vincent Valk and Lindsay Frost

RPM announced on 28 August that it had reached an agreement with the US General Services Administration (GSA; Washington) resolving a dispute over improper pricing and discounting practices in commercial roofing contracts from 2002 to 2008. RPM will pay $65.1 million to resolve the issues, which is in line with the company’s previously announced expectations. The settlement involves a recognition by RPM’s roofing division “that accurate information about commercial pricing and discounting practices was not always provided on a timely basis to...

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