RPM International buys UK supplier

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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.

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