RPM International announced that its subsidiary, Rust-Oleum Corp., acquired Chemtec Chemicals BV, a manufacturer of industrial cleaners and specialty coatings based in the Netherlands.
Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
Chemtec's primary products are specialty cleaners used for a broad range of exterior surfaces. In addition, Chemtec offers specialty, anti-slip and anti-graffiti coatings.
RPM International Inc., a holding company, owns subsidiaries that manufacture specialty coatings, sealants, building materials and related services serving industrial and consumer markets. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement, boat repair and maintenance.