RPM International Inc., Medina, OH, has announced the acquisition of Karochemie AG, a leading supplier of sealants to the construction markets in Switzerland and Liechtenstein, by RPM subsidiary Tremco illbruck International GmbH. Terms of the transaction were not disclosed, but it is expected to be accretive to earnings within one year.
2008 annual sales totaled approximately $13.4 million. The Swiss company
is headquartered in Baar and has a sales office in Crissier.
acquisition is expected to lead to a strengthened market position, benefitting
both companies, as well as customers of the expanded group.
the acquisition of Karochemie, we have a highly competent partner at our side. In
this combination we will be able to expand our presence in these markets,” said
Reiner Eisenhut, president and managing director of Tremco illbruck
International. “Karochemie has an excellent distribution network and deep
expertise in sealant technology that will help us win new customers for Tremco
illbruck products. Customers can only benefit from this fusion of scale
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RPM SUBSIDIARY ACQUIRES SWISS SEALANTS COMPANY
February 13, 2009