RPM International buys UK supplier

Author:
Updated:
Original:

Ohio-based RPM International acquired the Universal Sealants Limited group of companies, a United Kingdom-based supplier of coatings and construction products and services for bridges and large infrastructure projects.

Universal Sealants, which has sales of approximately $55 million, will operate as a stand-alone industrial business in the RPM Performance Coatings Group.

Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

"The acquisition of the Universal Sealants group marks the continuation of RPM's tradition of purchasing high-quality, family-owned businesses that are leaders in their markets," said Frank C. Sullivan, RPM chairman and chief executive officer, in a statement.

"Given its established presence in a highly specified industry, Universal Sealants is especially well-situated to capitalize on the projected growth in global infrastructure spending," he added. "In addition, by leveraging the RPM Performance Coatings Group's expanding geographic presence and global manufacturing base, we expect to help accelerate the growth of Universal Sealants."

RPM International, a holding company, owns subsidiaries that specialize in  coatings, sealants, building materials and related services serving both industrial and consumer markets. RPM's consumer products are used by professionals and do-it-yourselfers for boat repair, home maintenance and improvement, and by hobbyists.

Related

Fairline Yachts Acquired

For the third time in five years, the esteemed U.K. builder has changed hands.

Free Fishing Fun with Cabela’s and Bass Pro Shops

To launch their Gone Fishing promotion, the outdoors companies are donating 40,000 rods and reels to youth-fishing partners and holding free in-store fishing events June 19-20.

Yamaha Rightwaters to Support Wetlands Conservation

The marine manufacturer’s national sustainability program will sponsor the Ducks Unlimited Gulf Coast Initiative.

Boatsetter Enters Global Luxury Yacht Market

With its Boatsetter Lux service, the company is expanding its peer-to-peer rental market into the luxury category.

A Collective Voice Against Tariffs

Organizations in the E.U. and U.S. have issued a statement ahead of next week’s Brussels Summit urging for the termination of retaliatory tariffs.

ABYC Free Webinar Series Returns

The association’s online learning events will continue with “Fuel System Troubleshooting” on June 17.

Getting to Know the Newbies

At last week’s Partners Outdoors symposium, RBFF’s Stephanie Vatalaro shared information that can help the marine industry get to know its new audiences.

Switching to Compostable Bags

Foul-weather gear maker Grundéns will start using eco-packaging that you can cut up and use in the garden.