The South Korean adhesive manufacturer will locate its first U.S. facility in Tennessee, investing $30 million in the city of Morrison in Warren County.
Despite achieving a record fiscal year adjusted EBITDA margin of 16.5%, the results were mixed for both the fourth quarter and all of 2023, but a positive outlook remains.
The first shared R&D center for RPM, the facility is designed to foster partnership and harness collective expertise among RPM companies to accelerate innovation.
The state-of-the-art center represents an expansion of Meridian’s production capabilities, reaffirming the company’s commitment to delivering high-quality adhesive products.
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