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Home | News | RPM's Euclid Chemical Acquires Tamms Industries
RPM's Euclid Chemical Acquires Tamms Industries
Updated: 2006-01-18 00:00 Source: share:

 RPM International Inc. (NYSE: RPM) announced that its subsidiary, The Euclid Chemical Company ("Euclid Chemical"), has acquired Tamms Industries, Inc. ("Tamms"). Terms were not disclosed.

Tamms, headquartered in Kirkland, IL, is a premier manufacturer of high- performance restoration, protection and waterproofing products for various segments of the concrete construction industry. Euclid Chemical, based in Cleveland, OH, is part of RPM's Tremco Group and is an industry-leading provider of concrete and masonry construction products.

Tamms has annual sales of approximately $20 million and is expected to be accretive to earnings within the year.

Frank C. Sullivan, president and chief executive officer of RPM, said, "This acquisition reflects RPM's continued strategy to acquire synergistic product lines and businesses for our operating companies. Tamms furthers Euclid Chemical's deliberate efforts to consolidate leading companies within the construction products industry, and will help them achieve their ambitious, long-term growth goals. The additional market, operational and managerial resources that Tamms brings will be highly complementary, and we are confident in Euclid Chemical's ability to strategically leverage this acquisition."

Tamms markets epoxies, concrete restoration products, adhesives, coatings, grouting, traffic deck systems and waterproofing products under respected brands such as Dural, Speed Crete(R), Tamms and Chemstop(R). The company employs more than 60 people and operates two manufacturing facilities, located in Kirkland and Sheffield, IL.

Euclid Chemical employs more than 450 people and operates numerous manufacturing facilities and warehousing depots across North America. Their products, marketed under the highly regarded Euco brand, include concrete and masonry admixtures, curing and sealing compounds, epoxy adhesives and coatings, dry shake floor hardeners and toppings, cementitious and epoxy grouts, joint fillers and sealants, and a complete line of concrete restoration materials.

RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings and sealants serving both industrial and consumer markets. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial brands include Stonhard, Tremco, illbruck, Carboline, Day-Glo, Euco and Dryvit. RPM's consumer products are used by professionals and do-it- yourselfers for home maintenance and improvement, automotive and boat repair and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust- Oleum, DAP, Varathane, Bondo and Testors.

 

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