Acquired Businesses Have Combined Revenues of $12 Million
MEDINA, Ohio, Nov. 21 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today that its Carboline Company subsidiary has acquired
certain intumescent fireproofing assets of Nu-Chem, Inc. and that its Tremco
Group subsidiary has acquired Permaquik Corp. The acquired businesses have
combined annual revenues of approximately $12 million. Terms were not
"These acquisitions typify the types of complementary, bolt-on product
lines that can readily and profitably be integrated into our existing
operations," said Stephen J. Knoop, RPM's senior vice president - corporate
development. "These are great examples of the kinds of synergistic
opportunities that RPM and its operating companies intend to continue to
pursue going forward."
Carboline is a world leading producer of high-performance coatings and
lining systems that protect steel and concrete substrates from corrosion and
fire damage. Nu-Chem is an international provider of intumescent fireproofing
products for the protection of exposed structural steel, and epoxy
intumescents for the petrochemical and offshore oil markets. This business
combination is expected to provide added competitive advantage for Carboline
in the commercial and industrial segments of the fireproofing market. Both
companies are based in St. Louis.
"Carboline now has all the technology to be the leading supplier of
fireproofing products for both the architectural and industrial markets -
intumescent and cementitious - on a global basis," said Richard M. Wilson,
Tremco Global Sealants, a division of Tremco Group based in Beachwood,
Ohio, is the world's leading supplier of sealants and weatherproofing for
construction and industrial applications. Permaquik, headquartered in
Mississauga, Ontario, is a leading supplier of high-performance, hot-applied
waterproofing and green roof systems as well as crystalline waterproofing,
epoxies, sealers and expansion joints.
"Permaquik's people, technical expertise and premium products fit well
with our strategy of bringing value-added solutions to the construction
industry," said Randall Korach, president of Tremco Global Sealants. "Its
products and brands have gained tremendous acceptance and recognition
particularly in Canada, where Permaquik's hot-applied waterproofing systems
are the preferred technology. Permaquik has a large, geographically
diversified customer base that will be an important part of growing our North
American and international waterproofing business."
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, automotive and boat repair
and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust-
Oleum, DAP, Varathane, Bondo and Testors.
For more information, contact Glenn R. Hasman, vice president - finance
and communications, at 330-273-8820 or email@example.com.
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 price, supply and capacity of raw materials, including assorted resins and
solvents; packaging, including plastic containers; and transportation
services, including fuel surcharges; (c) continued growth in demand for the
company's products; (d) legal, environmental and litigation risks inherent in
the company's construction and chemicals businesses and risks related to the
adequacy of the company's insurance coverage for such matters; (e) the effect
of changes in interest rates; (f) the effect of fluctuations in currency
exchange rates upon the company's 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
the company's ongoing acquisition and divestiture activities; (i) risks
related to the adequacy of its contingent liability reserves, including for
asbestos-related claims; and other risks detailed in the company's filings
with the Securities and Exchange Commission, including the risk factors set
forth in the company's Annual Report on Form 10-K for the year ended May, 31
2006, 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.
CONTACT: Glenn R. Hasman, vice president - finance and communications of
RPM International Inc., 1-330-273-8820, or firstname.lastname@example.org
Web site: http://www.rpminc.com