RPM Acquires Brazilian Waterproofing Products Manufacturer
RPM International Inc. recently announced that Viapol Ltda., part of The Euclid Chemical Co. and RPM’s Performance Coatings Group, has acquired Betumat Quimica Ltda., a waterproofing products manufacturer based in Candeias (Bahia), Brazil. Betumat reportedly offers a full line of waterproofing products, including asphaltic membranes, cementitious grouts and modified asphalt products, to professional contractors and builders primarily in northern Brazil.
“Betumat has terrific synergies with Viapol, our Brazilian construction products company acquired in June 2012, and will expand our geographic presence and market share in one of the world’s most dynamic economies,” said Frank C. Sullivan, chairman and CEO. “Once fully integrated, we expect to see enhanced market opportunities and improved operating leverage in both businesses.”
For more information, visit www.rpminc.com.