MEDINA, OH - RPM International Inc. announced that its RPM Building Solutions Group (RPM BSG) has signed an agreement to acquire FEMA Farben + Putze GmbH (FEMA GmbH) of Ettlingen, Germany. FEMA GmbH, with annual sales of more than $40 million, is a leading manufacturer and supplier of external insulating and finishing systems (EIFS) and complementary product lines to the German and French construction markets. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
FEMA GmbH will operate as a stand-alone business within RPM BSG Europe in conjunction with Tremco illbruck and the FEMA GmbH existing management team. Heinz Fedder, founder and CEO, will continue with the company in a consulting capacity.