RPM Acquires Full Interest in Chinese Joint Venture
MEDINA, OH – RPM International Inc. announced that its Carboline Co. subsidiary acquired the remaining 51 percent interest in its Chinese joint venture, Carboline Dalian Paint Production Co. Ltd. (Carboline Dalian), bringing its total ownership to 100 percent.
Carboline acquired its initial 49 percent interest in the company in 2009. UniChemical Co., originally a Carboline licensee, has been Carboline’s long-standing partner in the joint venture.