RPM International Inc. recently announced that its RPM Building Solutions Group (RPM BSG) has signed an agreement to acquire FEMA Farben + Putze GmbH (FEMA GmbH) of Ettlingen, Germany. FEMA GmbH is a leading manufacturer and supplier of external insulating and finishing systems (EIFS) and complementary product lines to the German and French construction markets, with annual sales of more than $40 million.
“The addition of FEMA’s EIFS product line immediately enhances our capabilities to address the market for energy-efficient and sustainable high-performance buildings in Germany, the current number-one marketplace for EIFS in the world; and France, one of the fastest growing markets for EIFS,” said Frank C. Sullivan, chairman and CEO of RPM. “It also provides a platform to extend FEMA’s product systems through existing RPM subsidiary companies into other European countries.”
FEMA GmbH will operate as a stand-alone business within RPM BSG Europe in conjunction with Tremco illbruck and the FEMA GmbH existing management team, which was developed by Heinz Fedder, founder and CEO, who will continue with the company in a consulting capacity.
For more information, visitwww.fema.de/index.phporwww.rpminc.com.