Adhere Industrial Tapes Ltd. has about $6 million in annual net sales, and the purchase is expected to contribute to RPM's earnings within a year.
CLEVELAND, Ohio - RPM International Inc. has acquired Adhere Industrial Tapes Ltd., a United Kingdom-based manufacturer of single- and doubled-sided foam tapes used in construction and industrial applications, for an undisclosed sum. Adhere tapes are used, for example, to help seal the gaps in frames around doors and windows.
Based and manufactured in Colchester, U.K., Adhere has about $6 million in annual net sales, and the purchase is expected to contribute to RPM's earnings within a year. The products are not sold in the U.S., and are not available to consumers.
RPM, the Medina County-based company that owns some of the world's leading specialty coatings, sealants, and building materials, from Stonhard and Tremco to Rust-Oleum, Day-Glo and DAP, said Adhere Industrial Tapes will be part of its tremco illbruck business group, which has similar products in other European countries.
"Our tremco illbruck business has an extensive sales force and marketing resources that will help Adhere expand within the U.K. construction and industrial sectors and into other European markets as well," said RPM Chairman and Chief Executive Frank C. Sullivan, in a statement. "We intend to leverage Adhere's wide range of products and excellent customer service to generate significant new marketplace opportunities for tremco illbruck."
RPM's tremco illbruck, based in Cologne, Germany, provides high-performance sealing, bonding, flooring, waterproofing, and passive fire protection products for the construction and manufacturing industries.
Its portfolio of specialized brands includes: illbruck adhesives, foams and sealants; Tremco flooring, waterproofing and in-plant glazing, and Nullifire intumescent coatings and fire-stopping sealants and compounds for the construction industry, and Pactan sealing and bonding solutions for OEM (original equipment manufacturers).
