RPM Acquires Leading Panelized Wall Systems Fabrication Business
October 03 2023 - 6:45AM
Business Wire
RPM International Inc. (NYSE: RPM) announced today that the wall
system fabrication segment (the Fabrication Business) of NOW
Specialties, LLC (NOW) has been acquired by RPM’s Tremco CPG Inc.
and is now part of Tremco Construction Products Group (Tremco CPG).
The Texas-based Fabrication Business is a leading wall system
fabricator specializing in Metal Composite Material and Aluminum
Composite Material panels and has annual net sales of approximately
$20 million. Terms of the transaction were not disclosed, and NOW’s
installation business was not part of the acquisition.
The wall systems are manufactured offsite, and then installed at
the building location, which offers customers improved efficiency,
quality and construction times when compared to traditional
methods. Additionally, the acquired wall systems are compatible
with Tremco CPG’s building envelope systems and expand Tremco CPG’s
offerings for those who want a metal panel facade.
“Panelized facade systems and other forms of offsite panelized
construction are a rapidly growing segment within the construction
industry and a key strategic focus for Tremco CPG,” stated Frank C.
Sullivan, RPM chairman and CEO. “This acquisition will strengthen
Tremco CPG’s value proposition of providing customers with
compatible building envelope solutions that improve efficiency,
extend building life and provide customized aesthetics.”
About RPM RPM International Inc. owns subsidiaries that
are world leaders in specialty coatings, sealants, building
materials and related services. The company operates across four
reportable segments: consumer, construction products, performance
coatings and specialty products. RPM has a diverse portfolio of
market-leading brands, including Rust-Oleum, DAP, Zinsser,
Varathane, Day-Glo, Legend Brands, Stonhard, Carboline, Tremco and
Dryvit. From homes and workplaces, to infrastructure and precious
landmarks, RPM’s brands are trusted by consumers and professionals
alike to help build a better world. The company employs
approximately 17,300 individuals worldwide. Visit www.RPMinc.com to
learn more.
For more information, contact Matt Schlarb, Senior Director of
Investor Relations, at 330-273-5090 or mschlarb@rpminc.com.
Forward-Looking Statements This press release contains
“forward-looking statements” relating to our business. These
forward-looking statements, or other statements made by us, are
made based on our expectations and beliefs concerning future events
impacting us and are subject to uncertainties and factors
(including those specified below), which are difficult to predict
and, in many instances, are beyond our control. As a result, our
actual results could differ materially from those expressed in or
implied by any such forward-looking statements. These uncertainties
and factors include (a) global markets and general economic
conditions, including uncertainties surrounding the volatility in
financial markets, the availability of capital and the effect of
changes in interest rates, and the viability of banks and other
financial institutions; (b) the prices, supply and availability of
raw materials, including assorted pigments, resins, solvents, and
other natural gas- and oil-based materials; packaging, including
plastic and metal containers; and transportation services,
including fuel surcharges; (c) continued growth in demand for our
products; (d) legal, environmental and litigation risks inherent in
our businesses and risks related to the adequacy of our insurance
coverage for such matters; (e) the effect of changes in interest
rates; (f) the effect of fluctuations in currency exchange rates
upon our foreign operations; (g) the effect of non-currency risks
of investing in and conducting operations in foreign countries,
including those relating to domestic and international political,
social, economic and regulatory factors; (h) risks and
uncertainties associated with our ongoing acquisition and
divestiture activities; (i) the timing of and the realization of
anticipated cost savings from restructuring initiatives and the
ability to identify additional cost savings opportunities; (j)
risks related to the adequacy of our contingent liability reserves;
(k) risks relating to a public health crisis similar to the Covid
pandemic; (l) risks related to acts of war similar to the Russian
invasion of Ukraine; (m) risks related to the transition or
physical impacts of climate change and other natural disasters or
meeting sustainability-related voluntary goals or regulatory
requirements; (n) risks related to our use of technology,
artificial intelligence, data breaches and data privacy violations;
and (o) other risks detailed in our filings with the Securities and
Exchange Commission, including the risk factors set forth in our
Form 10-K for the year ended May 31, 2023, as the same may be
updated from time to time. We do not undertake any obligation to
publicly update or revise any forward-looking statements to reflect
future events, information or circumstances that arise after the
filing date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20231003023653/en/
Matt Schlarb Senior Director of Investor Relations 330-273-5090
mschlarb@rpminc.com
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