RPM International Inc. announced that Viapol Ltda., part of The Euclid Chemical Company and RPM's Performance Coatings Group, has acquired Betumat Quimica Ltda., a waterproofing products manufacturer based in Candeias (Bahia), Brazil, with annual net sales of approximately $22 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed. Betumat offers a full line of waterproofing products, including as-phaltic membranes, cementitious grouts and modified asphalt products, to professional contractors and builders primarily in northern Brazil.
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