RPM Acquires Commercial Joint Sealant Manufacturer Schul International
Schul’s product line primarily consists of pre-compressed, self-expanding foam tapes, which are used for sealing vertical and horizontal joints in applications that include window seals, precast concrete, modular construction, and concrete façade restoration.
RPM International Inc. recently announced that its Tremco business has acquired Schul International Co., LLC, a manufacturer of joint sealants for commercial construction, as well as Willseal LLC, a business that markets and sells Schul products. Both companies are headquartered in Hudson, N.H., and have combined annual net sales of approximately $15 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
Schul’s product line primarily consists of pre-compressed, self-expanding foam tapes, which are used for sealing vertical and horizontal joints in applications that include window seals, precast concrete, modular construction, and concrete façade restoration. They are sold under the Sealtite and Willseal brands. Schul has developed a number of proprietary systems, including those that are fire rated to provide passive fire protection and others that are pre-coated with silicone to deliver weather-tight joints. Its systems are further differentiated by the use of monolithic foam vs. those made from several foam layers that are laminated together.