17 January 2017
DETAILS
RPM International Inc. (NYSE: RPM)
today announced that it has acquired
Prime Resins to be part of its USL Group.
Prime Resins is a manufacturer of
specialty chemicals and equipment
for infrastructure construction and repair.
Headquartered in
has annual net sales of approximately
Terms of the transaction, which is expected
to be accretive to earnings within one year,
were not disclosed.
Prime Resins' product line include
s a broad range of polyurethane and epoxy grouts,
foams, adhesives and coatings.
They are primarily used for leak sealing,
concrete structural repair, slab lifting
and soil stabilization.
Product applications include highways, roads,
bridges, airport runways, sewage systems
and retaining walls.
that provide a wide array of coatings, products
and services for infrastructure projects, including
bridges, roadways and car parks.
It is based in the
across
RPM chairman and chief executive officer
"Prime Resins will operate within
our
to be led by its founder and president,
"We intend to drive its top-line growth
by leveraging the Prime Resins sales force to bring
more of USL's differentiated product technologies
to the U.S. infrastructure market.
At the same time, we will improve
its bottom line through access to
RPM's raw materials purchasing network."
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