MEDINA, Ohio—RPM International Inc. has acquired the foam division of Clayton Corp., best known for its consumer polyurethane foam brand Touch 'N Foam, as part of its DAP business.
Based near St. Louis, Clayton's foam division has annual net sales of about $60 million, RPM said in a Jan. 3 news release. Terms of the transaction were not disclosed.
"The addition of Touch 'N Foam polyurethane expands DAP's product coverage while providing a cost-effective U.S. manufacturing and technology platform," Frank C. Sullivan, RPM chairman and CEO, said in a Jan. 3 news release. "We intend to harness DAP's category management and marketing expertise to improve Touch 'N Foam's placement and market impact. At the same time, we will leverage the Touch 'N Foam sales organization to aggressively market DAP core products into new channels and accounts."