RPM'S TREMCO ACQUIRES LICENSEE IN FRANCE
With sales of approximately $39 million (€26 million), Prosytec is a leading provider of sealants for the construction and window assembly markets in Southern and Eastern Europe. The company has been a long-time partner of Tremco and has served major European markets under a licensing arrangement since 1997. Prosytec is headquartered in Paris and has a manufacturing plant in Dijon, France. Prosytec will become part of the Tremco illbruck International organization, the European operating platform for Tremco.
“We are very pleased to complete the Prosytec deal and, in so doing, grow our construction and window sealants presence dramatically in Southern and Eastern Europe,” says Frank C. Sullivan, president and CEO of RPM. “This transaction will enhance our already strong sealants business in Europe, which is so successfully led by the management team of our German-based Tremco illbruck International company.”
For more information, visit www.rpminc.com.