RPM SUBSIDIARY ACQUIRES SWISS SEALANTS COMPANY
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.
Karochemie’s 2008 annual sales totaled approximately $13.4 million. The Swiss company is headquartered in Baar and has a sales office in Crissier.
The acquisition is expected to lead to a strengthened market position, benefitting both companies, as well as customers of the expanded group.
“With 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 and expertise.”
For more information, visit www.rpminc.com.
Karochemie’s 2008 annual sales totaled approximately $13.4 million. The Swiss company is headquartered in Baar and has a sales office in Crissier.
The acquisition is expected to lead to a strengthened market position, benefitting both companies, as well as customers of the expanded group.
“With 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 and expertise.”
For more information, visit www.rpminc.com.
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