RPM International Inc. (NYSE: RPM) announced today that TMP Convert SAS (TMPC) has been acquired to be part of its Fibergrate Structures (Fibergrate) business, which is part of RPM’s Performance Coatings Group. TMPC is based in Simandre-sur-Suran, France, and is a leading manufacturer of outdoor design and landscape products under the JOUPLAST® and OCAPE® brands. The company has annual net sales of approximately €35 million and terms of the transaction were not disclosed.
TMPC’s adjustable and fixed pedestals and accessories for flooring and roofing applications complement Fibergrate’s Bison business, which produces composite adjustable pedestals and decking solutions. TMPC’s products are used by both Pro and DIY end users and primarily serve customers in Europe. Thierry Convert, president of TMPC, will continue to lead the existing leadership team and accelerate growth in partnership with Bison and the Performance Coatings Group.
“TMPC is a strong strategic fit with our Bison business, both from a product perspective and geographically,” stated Frank C. Sullivan, RPM chairman and CEO. “This acquisition will allow us to expand our offering of durable, easy-to-install and low maintenance products for decking and landscaping solutions in markets worldwide. Additionally, this acquisition advances our Building a Better World sustainability program as TMPC uses recycled materials in the manufacturing of its products.”
About RPM
RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates across four reportable segments: consumer, construction products, performance coatings and specialty products. RPM has a diverse portfolio of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, DayGlo, Legend Brands, Stonhard, Carboline, Tremco and Dryvit. From homes and workplaces to infrastructure and precious landmarks, RPM’s brands are trusted by consumers and professionals alike to help build a better world. The company is ranked on the Fortune 500 ® and employs approximately 17,200 individuals worldwide. Visit www.RPMinc.com to learn more.
For more information, contact Matt Schlarb, Vice President – Investor Relations & Sustainability, at 330-220-6064 or mschlarb@rpminc.com.
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Contacts
Matt Schlarb
Vice President – Investor Relations & Sustainability
330-220-6064
mschlarb@rpminc.com
