RPM Acquires Flooring, Adhesives Companies in Europe
Frank C. Sullivan, RPM president and CEO, said the transactions "represent our expanded emphasis on completing acquisitions in Europe, an important part of our growth strategy."
RPM said Ecoloc, a Belgium-based commercial and industrial tile-flooring manufacturer, pioneered the first flooring system based on the principle of interlocking PVC tiles. Its products are sold under the brand names Lock-Tile and Lock-Mat.
Compakta/Pactan, based in Traunreut, Germany, is a manufacturer of specialty silicone-based adhesives, joint filler and sealers.
Sullivan said the companies will provide significant market share in niche markets.
Ulf S. Eriksson, president of RPM Europe, said the company contemplates additional acquisitions in the next several years as RPM seeks to expand its growing portfolio of businesses. RPM Europe is based in Waterloo, Belgium.