RPM Acquires Bridge and Highway Infrastructure Maintenance Business

摘要

RPM International Inc. has announced that Applied Polymerics, Inc. 8c Marketing Associates, Inc. (API/MAI), a specialist civil engineering and construction organization focusing on bridges, roads and major structures, has been acquired to be part of its Universal Sealants (U.K.) Limited (USL) business within the RPM Performance Coatings Group. API/ MAI manufactures, supplies and installs specialist construction products, including bridge expansion joints, concrete repair compounds, protective coatings and pavement preservation products. Based in Mount Airy, North Carolina, it has annual net sales of approximately $14 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.