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RPM International unit buys Swiss sealants supplier

Post Time:Feb 19,2009Classify:Company NewsView:361

RPM International Inc. (NYSE: RPM) said its subsidiary, Tremco illbruck International GmbH, has acquired Karochemie AG, a supplier of sealants for the construction markets in Switzerland and Liechtenstein.

RPM did not disclose terms of the transaction, but did say it is expected to be accretive to earnings within one year.

Karochemie's 2008 sales totaled $13.4 million. The Swiss company is headquartered in Baar and has a sales office in Crissier.

Reiner Eisenhut, president and managing director of Tremco illbruck International, said Karochemie “has an excellent distribution network and deep expertise in sealant technology that will help us win new customers for Tremco illbruck products."

Source: RPM International Inc. Author: shangyi

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