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Monday, 14 October 2019
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Markets & companies, Raw materials market

RPM acquires UK industrial tape manufacturing business

Thursday, 17 November 2016

RPM International Inc. has acquired Adhere Industrial Tapes Ltd. to be part of its Tremco Illbruck business group.

Adhere manufactures foam tapes used in construction and industrial applications. Source: Tim Reckmann/pixelio.de

Adhere manufactures foam tapes used in construction and industrial applications. Source: Tim Reckmann/pixelio.de

Adhere manufactures a wide variety of single- and double-sided foam tapes used in construction and industrial applications.

Extensive sales force

Based in Colchester, in the United Kingdom, it has annual net sales of approximately EUR5.6 million. Terms of the transaction, which is expected to be accretive to eamings within one year, were not disclosed. "Our Tremco Illbruck business has an extensive sales force and marketing resources that will help Adhere expand within the U.K. construction and industrial sectors and into other European markets as well," stated Frank C. Sullivan, RPM chairman and chief executive officer. "We intend to leverage Adhere's wide range of products and excellent customer service to generate significant new marketplace oppoitunities for Tremco Illbruck."

About Tremco Illbruck

Headquartered in Cologne, Germany, Tremco Illbruck is a provider of high-perfonnance sealing, bonding, flooring, waterproofing and passive fire protection products for the construction and manufacturing industries. Regarded as one of the innovation leaders in the sealing industry for the past 60 years, its specialized product brands include "illbruck", "Tremco" and "Nullifire" for construction industries and "Pactan" for OEM manufacturers.

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