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RPM International makes European acquisition

RPM International acquired Pipeline & Drainage Systems Ltd., a supplier of curb, bridge and channel drainage products for construction and infrastructure markets, primarily in the United Kingdom and Ireland.

Terms of the transaction were not disclosed.

"We intend to leverage RPM's established sales and distribution network to take the PDS product line deeper into the European marketplace. In particular, this acquisition of PDS complements our USL business and strengthens its already strong position in the U.K. infrastructure market," chairman and CEO Frank Sullivan said in a statement.

Ohio-based RPM International, a holding company, owns subsidiaries that are leaders in specialty coatings, sealants, building materials and related services serving the 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.

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