RPM International Acquires Prime Resins
January 19, 2017RPM International Inc. announced Jan. 17 that it acquired Prime Resins to be part of its USL Group. Prime Resins is a manufacturer of specialty chemicals and equipment for infrastructure construction and repair.
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Prime Resins’ product line includes a broad range of polyurethane and epoxy grouts, foams, adhesives and coatings. They are primarily used for leak sealing, concrete structural repair, slab lifting and soil stabilization. Product applications include highways, roads, bridges, airport runways, sewage systems and retaining walls.
“Prime Resins will operate within our USL Group of companies and will continue to be led by its founder and president, David Barton,” stated Frank C. Sullivan, RPM chairman and CEO of the Medina, Ohio-based company. “We intend to drive its top-line growth by leveraging the Prime Resins sales force to bring more of USL’s differentiated product technologies to the U.S. infrastructure market. At the same time, we will improve its bottom line through access to RPM’s raw materials purchasing network.”
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The USL Group is comprised of several business units that provide a wide array of coatings, products and services for infrastructure projects, including bridges, roadways and car parks. It is based in the United Kingdom and has operations across Europe, Asia, the Middle East and the United States. Headquartered in Conyers, Georgia, Prime Resins has annual net sales of approximately $7 million. Terms of the transaction were not disclosed.
RPM’s industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and other construction chemicals. Industrial companies include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Euclid Chemical and RPM Belgium Vandex. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors. Specialty segment companies include Day-Glo, Dryvit, RPM Wood Finishes, Mantrose-Haeuser, Legend Brands, Kop-Coat and TCI.
Tags: Ohio, Prime Resins, RPM International