Sector News

RPM International acquires Specialty Polymer Coatings

September 13, 2016
Chemical Value Chain

RPM International Inc. today announced that it has acquired Specialty Polymer Coatings, Inc. (SPC), a Canadian manufacturer of high-performance coatings for the global oil and gas pipeline market with annual net sales of approximately $26 million.

It will operate as a free-standing business within the RPM Performance Coatings Group and report through the Carboline Company. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

The SPC product line is comprised predominantly of 100-percent solids epoxy and urethane coatings that contain no volatile organic compounds. They are specified and sold for the maintenance and construction of steel pipes, railway cars, tank linings, steel structures and marine applications. Headquartered near Vancouver, in Langley, British Columbia, SPC also has a manufacturing facility in Brantford, Ontario, and an office and warehouse in Angleton, Texas.

“We already have a strong position in the U.S. oil and gas energy market through our Carboline business. The acquisition of SPC complements that position by providing a proven, tenured technology with strong brand recognition for the pipeline industry. We intend to accelerate SPC’s growth by leveraging Carboline’s large global sales force,” stated Frank C. Sullivan, RPM chairman and CEO. “In keeping with our reputation as the best home for entrepreneurial businesses in our industry, several members of the current senior leadership under the founder, Bob Alliston, will continue to manage the business as part of RPM.”

Source: Street Insider

comments closed

Related News

May 15, 2022

New York’s EPR and packaging reduction bills lauded as game-changers in plastic pollution battle

Chemical Value Chain

The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s and Amazon to pay for the cost of packaging disposal and recycling.

May 15, 2022

Borealis and Reclay launch entity focused on lightweight packaging 

Chemical Value Chain

The new organization’s mission is to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.

May 15, 2022

Starbucks and Hubbub launch reusable packaging fund as COVID-19 diminishes consumer appetite

Chemical Value Chain

Starbucks and Hubbub have launched a £1 million (US$1.22 million) “Bring It Back Fund” to increase the uptake of reusable packaging in the F&B industry. The funding will go toward innovative ideas that make it easier for customers to use alternatives to single-use packaging by supporting pilot projects that help shift consumption habits.