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.”
The total contract value is approximately €430 million. The project scope of work entails complete engineering services, equipment and material supply, installation and construction activities and, as an optional part of the scope, commissioning and start up.
Once it has implemented this project, Lenzing will have biological wastewater treatment plants that meet the best available techniques (BAT) quality standard at all its production sites.
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