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RPM Announces Acquisition of Betumat Quimic, a Waterproofing Products Manufacturer

Published on 2014-06-25. Author : SpecialChem

MEDINA, Ohio -- RPM International Inc. has announced that Viapol Ltd., a part of The Euclid Chemical Company and RPM's Performance Coatings Group, has acquired Betumat Quimica Ltda., a waterproofing products manufacturer based in Candeias (Bahia), Brazil, with annual net sales of approximately $22 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

Betumat offers a full line of waterproofing products, including asphaltic membranes, cementitious grouts and modified asphalt products, to professional contractors and builders primarily in northern Brazil.

"Betumat has terrific synergies with Viapol, our Brazilian construction products company acquired in June 2012, and will expand our geographic presence and market share in one of the world's most dynamic economies," stated Frank C. Sullivan, RPM chairman and chief executive officer. "Once fully integrated, we expect to see enhanced market opportunities and improved operating leverage in both businesses."

About RPM

RPM International Inc., a holding company, owns subsidiaries that are one of the world leaders in specialty coatings, sealants, building materials and related services 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, Flowcrete, Universal Sealants, Viapol and Euco. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane and Testors.

About VIAPOL Ltd

VIAPOL Ltd is activated in the field of lubricants since 1955 and is situated in the region of Moschato. Its object is the production of the high quality products BRUNTOIL that can be used in the industry, the vehicles and the rural sector. Having as a strong weapon the longtime experience and the specialized personnel the company offers products of high performance capable to work under the most difficult circumstances.

Source: RPM

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