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.