MEDINA, Ohio (Jan. 13) — The Euclid Chemical Co., a subsidiary of RPM International Inc., has acquired Tamms Industries Inc., a manufacturer of high-performance restoration, protection and waterproofing products for various segments of the concrete construction industry.
Terms of the transaction were not disclosed.
Tamms, headquartered in Kirkland, Ill., has annual sales of about $20 million and is expected to be accretive to earnings within the year, RPM reported. Euclid Chemical, based in Cleveland, is part of RPM´s Tremco Group and an industry-leading provider of concrete and masonry construction products.
"This acquisition reflects RPM´s continued strategy to acquire synergistic product lines and businesses for our operating companies," said Frank C. Sullivan, RPM president and CEO. "Tamms furthers Euclid Chemical´s deliberate efforts to consolidate leading companies within the construction products industry, and will help them achieve their ambitious, long-term growth goals.
"The additional market, operational and managerial resources that Tamms brings will be highly complementary, and we are confident in Euclid Chemical´s ability to strategically leverage this acquisition."
RPM International Inc.´s subsidiaries provide specialty coatings and sealants serving both industrial and consumer markets. The company´s industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals.