RPM's Building Solutions Group Acquires Turkish Distributor
RPM International Inc. recently announced that its Building Solutions Group has acquired Park Dis Ticaret A.S., a leading supplier of sealants, tapes and membranes to the construction market in Turkey. Based in Istanbul, Park achieved annual sales of approximately $10 million in 2009. The transaction is expected to be accretive to earnings within one year.
"This acquisition will provide Tremco illbruck and the RPM Building Solutions Group (BSG), a strong base from which to grow our international presence," said Frank C. Sullivan, RPM chairman and CEO. "As part of the RPM BSG, Park will also be able to expand its product offerings into new categories, such as firestopping. We look forward to having Adnan Akin and his management team join RPM."
For more information, visit www.rpminc.com.