Summary
- RPM International has announced the acquisition of two firms.
- Schul manufactures proprietary joint sealant products for construction applications, and Willseal is the marketing and sales entity.
- With the deal, RPM's Tremco Sealants division gains a differentiated impregnated foam tape sealant product that it expects to be accretive to earnings in a year.
- Looking for a community to discuss ideas with? IPO Edge features a chat room of like-minded investors sharing investing ideas and strategies. Start your free trial today ยป
Quick Take
RPM International (RPM) announced it has acquired Schul International and Willseal for an undisclosed amount.
Schul operates as a manufacturer of joint sealants for commercial construction.
Willseal markets and sells Schul products.
RPM is gaining a differentiated impregnated foam tape product and manufacturing operation that it expects to be accretive to earnings within one year.
