MEDINA, Ohio, Feb. 9 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) today announced that its subsidiary, Tremco illbruck International
GmbH, acquired Karochemie AG, a leading supplier of sealants to the
construction markets in Switzerland and Liechtenstein. Terms of the
transaction were not disclosed. It is expected to be accretive to earnings
within one year.
Karochemie's 2008 annual sales totaled approximately $13.4 million. The
Swiss company is headquartered in Baar and has a sales office in Crissier.
The acquisition is expected to lead to a strengthened market position,
benefitting both companies, as well as customers of the expanded group.
"With the acquisition of Karochemie, we have a highly competent partner at
our side. In this combination we will be able to expand our presence in these
markets," said Reiner Eisenhut, president and managing director of Tremco
illbruck International. "Karochemie has an excellent distribution network and
deep expertise in sealant technology that will help us win new customers for
Tremco illbruck products. Customers can only benefit from this fusion of
scale and expertise."
About Tremco illbruck
Tremco illbruck is a leading supplier of sealants for windows, facades and
insulating glass. Additionally, proven technologies and extensive expertise
are offered in the fields of waterproofing, roofing and flooring. Tremco
illbruck delivers high-quality products to the European market under brands
such as Tremco, illbruck, Perennator and Nullifire. More information is
available at www.tremco-illbruck.com.
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
and Testors. Additional details are available at www.rpminc.com.
For more information, contact P. Kelly Tompkins, executive vice president
- administration and chief financial officer, at 330-273-5090 or
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) general economic conditions; (b)
the price, 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 liabilities,
including for 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,
2008, 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.
SOURCE RPM International Inc.
P. Kelly Tompkins executive vice president - administration and
chief financial officer