MEDINA, Ohio, March 5 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today that one of its wholly owned subsidiaries in
Europe, Tremco illbruck International, has purchased Prosytec SAS from a
subsidiary of Goodrich Corporation (NYSE: GR).
With sales of approximately $39 million (euro 26 million), Prosytec is a
leading provider of sealants for the construction and window assembly markets
in Southern and Eastern Europe. The company has been a long-time partner of
Tremco and has served major European markets under a licensing arrangement
since 1997. Prosytec is headquartered in Paris and has a manufacturing plant
in Dijon, France. Prosytec will become part of the Tremco illbruck
International organization, the European operating platform for Tremco.
RPM's president and CEO, Frank C. Sullivan, stated, "We are very pleased
to complete the Prosytec deal and, in so doing, grow our construction and
window sealants presence dramatically in Southern and Eastern Europe. This
transaction will enhance our already strong sealants business in Europe, which
is so successfully led by the management team of our German-based Tremco
illbruck International company."
RPM International Inc., a holding company, owns subsidiaries that are
world leaders in specialty coatings and sealants serving both industrial and
consumer markets. RPM's industrial products include roofing systems, sealants,
corrosion control coatings, flooring coatings and specialty chemicals.
Industrial brands include Stonhard, Tremco, illbruck, Carboline, Day-Glo, Euco
and Dryvit. RPM's consumer products are used by professionals and do-it-
yourselfers for home maintenance and improvement, boat repair and maintenance,
and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane,
For more information, contact P. Kelly Tompkins, executive vice president
and chief administrative officer, at 330-273-5090 or firstname.lastname@example.org.
This press release contains "forward-looking statements" relating to the
business of the company. These forward-looking statements, or other statements
made by the company, are made based on management's expectations and beliefs
concerning future events impacting the company and are subject to
uncertainties and factors (including those specified below) which are
difficult to predict and, in many instances, are beyond the control of the
company. As a result, actual results of the company could differ materially
from those expressed in or implied by any such forward-looking statements.
These uncertainties and factors include (a) general economic conditions; (b)
the prices and availability of raw materials, including assorted resins and
solvents; 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
liabilities, including for existing and future asbestos-related claims; 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, 2007, as the same may be updated from time to
time. RPM does 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.
SOURCE RPM International Inc.
P. Kelly Tompkins, executive vice president and chief
administrative officer of RPM International Inc.