PPG - RPM Acquires Foam Tape Joint Sealant Tech
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.
Target Company
Hudson, New Hampshire-based Schul was founded to manufacture joint sealants for commercial construction use under the brands Sealtite and Willseal.
Management is headed by President Steven Robison, who has been with the firm since