RPM Acquires Brazilian Building Materials Manufacturer
RPM International Inc. recently announced that it has acquired Viapol Ltda., a leading Brazilian manufacturer and marketer of building materials and construction products. Based in Cacapava, Brazil, near Sao Paulo, Viapol has annual sales of approximately $85 million. The transaction is expected to be accretive to earnings after the first year.
Viapol’s products are reportedly brand leaders in the Brazilian market and include rolled asphalt roofing materials; waterproofing products; concrete admixtures; industrial epoxy flooring systems; structural recovery products; and retail paints, varnishes, and stains. The company has more than 300 employees, nearly 125 independent sales representatives and two ISO 9000-certified manufacturing facilities in Brazil.
“The acquisition of Viapol establishes a substantial footprint for RPM and our many industrial and consumer businesses in the exciting Brazilian market, which is the largest economy in South America and now the sixth largest economy in the world,” said Frank C. Sullivan, chairman and CEO of RPM.