RPM’s Tremco Group Acquires Australian Manufacturer
RPM International Inc. recently announced that its Tremco Group has acquired the assets of Duram Industries Pty Ldt.
RPM International Inc. recently announced that its Tremco Group has acquired the assets of Duram Industries Pty Ldt., an Australian-based manufacturer of commercial waterproofing products with annual net sales of approximately $6 million. The transaction is expected to be accretive to earnings within one year.
“Tremco intends to leverage its acquisition of Duram to broaden the geographic footprint of its commercial sealants and roofing systems in the Australian market,” said Frank C. Sullivan, chairman and CEO. “Duram's in-market manufacturing will provide expanded sourcing opportunities and higher customer service levels. At the same time, Tremco will leverage the combined resources to expand the reach of Duram's products throughout the country.”
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