MEDINA, Ohio—RPM International Inc. has bought a 178,000-sq.-ft. facility in Corsicana, Texas, that it plans to turn into a manufacturing campus run by its Tremco Construction Products Group.
According to a news release, the chemical manufacturing facility was purchased from ChampionX for an undisclosed amount. The building sits on 120 acres. In addition to the land and facility, the acquisition also includes equipment.
"The Corsicana plant was appealing to us for a number of reasons. By purchasing a fully operational facility, we can hit the ground running almost immediately, avoiding much of the cost, time and environmental impact associated with building a new plant," RPM chairman and CEO Frank C. Sullivan said in the release.
"However, the greatest asset we will acquire is the plant's existing employees and management operating team, who bring with them decades of experience and a high level of competency that will enable them to quickly and effectively convert the plant to meet our manufacturing needs," Sullivan said. "We look forward to this expansion into Corsicana and believe it will be beneficial both to RPM and the local community."
Tremco plans to hire the more than 80 existing employees at the plant, the release said, and it may hire more in the future.
Founded in 1947, Medina-based RPM International is a multinational company operating 122 facilities globally and employing about 15,500. RPM generates about $6.1 billion in net sales annually.
The company's subsidiaries do business in the specialty coatings, sealants, building materials and related service sectors. Each of RPM's four segments—construction products, performance coatings, consumer products and specialty products—include well-know brands such as Rust-Oleum, DAP, Zinsser, Varathane, Day-Glo, Legend Brands, Stonhard, Carboline, Tremco and Dryvit, among others.