RPM acquires Turkish distributor
Medina, Ohio-based RPM International announced that its Building Solutions Group has acquired Istanbul, Turkey-based Park Dis Ticaret A.S.
Terms of the transaction were not disclosed, however RPM said they are expected to be accretive to earnings within one year.
Park Dis Ticaret is a leading supplier of sealants, tapes and membranes to the construction markets in Turkey. The company’s annual sales are approximately $10 million.
"This acquisition will provide Tremco illbruck and the RPM Building Solutions Group (BSG), a strong base from which to grow our international presence," said Frank C. Sullivan, RPM chairman and CEO. "As part of the RPM BSG, Park will also be able to expand its product offerings into new categories, such as firestopping. We look forward to having Adnan Akin and his management team join RPM."
RPM International’s subsidiaries are world leaders in specialty coatings, sealants, building materials and related services serving both industrial and consumer markets. The company’s industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial brands include Stonhard, Tremco illbruck, Carboline, Flowcrete, Universal Sealants and Euco.