Sector News

RPM acquires leading U.S. manufacturer of concrete care coatings and sealants

March 4, 2016
Chemical Value Chain

RPM International Inc. today announced that its Rust-Oleum Corporation subsidiary has acquired Seal-Krete, a leading U.S. manufacturer of concrete care coatings and sealants for the retail market with annual net sales in excess of $10 million.

Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

Seal-Krete, formerly a division of Clayton Valve, manufactures a complete line of priming, painting, sealing and finishing products for maintaining and decorating concrete, masonry, brick and pavers. Its products are sold primarily through home improvement centers, as well as through independent hardware and paint stores. Among its leading brands are Seal-Krete® Original, Damplock®, Epoxy-Seal and Clear-Seal.

“The acquisition of Seal-Krete expands Rust-Oleum’s range of concrete care products. Complementing our existing EpoxyShield and RockSolid lines, Seal-Krete will allow us to offer a complete one-stop-shop for concrete care,” stated Frank C. Sullivan, RPM chairman and chief executive officer. “We expect to grow Seal-Krete by leveraging its products across the Rust-Oleum distribution network.”

Source: RPM

Related News

February 28, 2021

Borealis to invest in new RTO to reduce CO2 emissions at Porvoo polyolefins plant

Chemical Value Chain

This equipment will significantly lower the site’s CO2 emissions, reduce flaring and save around 60 gigawatt hours (GWh) energy each year. Project kick-off is in February 2021, with completion planned for 2023.

February 28, 2021

Grace to acquire Albemarle’s fine chemistry business for $570 million

Chemical Value Chain

The acquisition significantly strengthens and expands Grace’s existing pharma portfolio. Pharma & Consumer is the largest, fastest growing and most profitable subsegment within Grace’s Materials Technologies business.

February 28, 2021

Solvay to carve out soda ash business

Chemical Value Chain

Solvay says it has decided to organize its soda ash and derivatives business into a separate and fully controlled legal structure.

Send this to a friend