RPM Inc. Acquires DAP Products Inc. and DAP Canada Corp.
RPM has entered into a definitive purchase agreement with Wassall PLC to acquire DAP Products and DAP Canada for $290 million in cash.
MEDINA, Ohio — RPM Inc. has entered into a definitive purchase agreement with Wassall PLC to acquire DAP Products Inc. and DAP Canada Corp. for $290 million in cash.
DAP, Baltimore, with annual sales of approximately $250 million, manufactures and markets caulks, sealants, spackling and glazing compounds, contact cements, and other specialty adhesives. The company headquarters will remain in Baltimore under the management team led by John McLaughlin.