MEDINA, Ohio -- RPM International has announced that it has acquired a specialty chemical raw materials manufacturer. Terms of the transaction, which are expected to be accretive to earnings within one year, were not disclosed.
Arnette Polymers – A Part of RPM’s Performance Coatings Group
| Frank C. Sullivan, RPM chairman
and chief executive officer
RPM has acquired 80 percent of Arnette Polymers, LLC, a manufacturer of specialty chemical raw materials. Excluding sales to the several RPM subsidiaries it currently serves, Arnette Polymers has annual net sales of nearly $20 million. It will operate as part of the RPM Performance Coatings Group.
Located in Richmond, Missouri, Arnette Polymers specializes in resins
, hardeners, curing agents and other intermediates for use in epoxy
and polyurethane materials.
The company is a key supplier to major chemical producers, distributors and end-user formulators. It will continue to be run by company founders Jim and Micky Arnette and the existing management team.
Acquisition to Expand Product Development
"Arnette's flexibility and ability to produce from pilot to large scale batches of both standard and niche materials has made it a key supplier for RPM subsidiaries over the last several years
," stated Sullivan, RPM chairman and chief executive officer.
"With a good working relationship already in place, we intend to leverage this acquisition to further expand advantages in cost, supply and product development within the RPM supply chain
About Arnette Polymers
Based in Richmond, Missouri, the company has a tradition of providing a full range of products and technology to the thermoset polymer industry. Fast decisions, flexible manufacturing, Custom and Toll Manufacturing, and problem solving is our core business model.
Its product line is one of the most comprehensive offerings of epoxy and polyurethane intermediates produced in North America. All available from the same centralized U.S. shipping point.
RPM International Inc. owns subsidiaries that are one of the world leaders in specialty coatings, sealants, building materials and related services across three segments. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and other construction chemicals. Industrial companies include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Euclid Chemical and RPM Belgium Vandex. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors.