MEDINA, Ohio (Feb. 18, 2008)—RPM International Inc.'s Tremco illbruck International GmbH subsidiary has acquired Karochemie A.G. for an undisclosed sum.
The Baar, Switzerland-based sealants manufacturer services the construction markets in Switzerland and Liechtenstein. Karochemie's 2008 sales were about $13.4 million, and RPM expects the firm to be accretive to its earnings within a year.
The acquisition will allow Tremco illbruck to expand its presence in those markets, said Reiner Eisenhut, the company's president and managing director. He added that Karochemie has an “excellent distribution network and deep expertise in sealant technology that will help us win new customers for Tremco illbruck products.”