MEDINA, Ohio–(BUSINESS WIRE)–Sep. 11, 2018– RPM International Inc. (NYSE: RPM) today appear that it has acquired Nudura Corporation, the arch architect and benefactor of cloistral accurate forms (ICF) in North America. Based in Ontario, Canada, Nudura has anniversary net sales in balance of $40 million. Terms of the transaction, which is accepted to be accretive to balance aural one year, were not disclosed.
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Nudura provides four alternation of ICF bank systems, consisting of cream boards fabricated from broadcast polystyrene (EPS) and basic hinged artificial webs that authority both abandon of the boards together. Accurate is again caked into the anatomy to accomplish an cloistral accurate bank system. Nudura additionally offers a ambit of commutual architecture envelope products. A alcove and arising artefact in the architecture abstracts industry, ICFs accommodate added activity ability and above insulation, as able-bodied as greater attrition to fire, hurricanes, earthquakes and flooding, compared to acceptable architecture methods.
The aggregation has three strategically amid accomplishment plants and an all-encompassing arrangement of 260 locally based able distributors in key North American markets. Its patented articles are awash to architecture professionals, architects and contractors for residential and bartering applications. They are acclimated to assemble homes, schools, medical and bartering facilities, and added barrio that can account from the insulative and structural backdrop of ICF construction.
Nudura will accomplish aural the RPM Specialty Articles Group as a stand-alone operating assemblage of RPM’s Dryvit business. Dryvit is the arch architect of exoteric insulation and accomplishment systems (EIFS) in North America and the innovator of NewBrick, a lightweight, activity able brick product.
“Nudura is an accomplished cardinal fit that offers several key aggressive advantages for Dryvit. Its artefact band will accompaniment and aggrandize Dryvit’s absolute artefact offering, acceptance for added cross-selling opportunities,” stated Frank C. Sullivan, administrator and CEO of RPM. “At the aforementioned time, Nudura’s accomplishment brand will be leveraged for efficiencies in the accomplishment of Dryvit’s NewBrick product, as able-bodied as articles of added companies aural our Specialty Articles Group.”
RPM International Inc. owns subsidiaries that are apple leaders in specialty coatings, sealants, architecture abstracts and accompanying casework beyond three segments. RPM’s automated articles accommodate beam systems, sealants, bane ascendancy coatings, attic coatings and added architecture chemicals. Automated companies include Stonhard, Tremco, illbruck, Carine, Flowcrete, Euclid Chemical and RPM Belgium Vandex. RPM’s customer articles are acclimated by professionals and do-it-yourselfers for home aliment and advance and by hobbyists. Customer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors. RPM’s specialty articles accommodate automated cleaners, colorants, exoteric finishes, specialty OEM coatings, comestible coatings, apology casework accessories and specialty glazes for the biologic and aliment industries. Specialty articulation companies include Day-Glo, Dryvit, RPM Wood Finishes, Mantrose-Haeuser, Legend Brands, Kop-Coat and TCI. Additional capacity can be begin at www.rpminc.com and by afterward RPM on Cheep at www.twitter.com/RPMintl.
For added information, contact Russell L. Gordon, carnality admiral and arch banking officer, at 330-273-5090 or [email protected]
RPM International Inc.
Russell L. Gordon, 330-273-5090Vice Admiral and Arch Banking [email protected]
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