Printer Friendly

GCP Closes USD 94m Acquisition of UK Waterproofing, Coatings Supplier Stirling Lloyd.

M2 EQUITYBITES-May 22, 2017-GCP Closes USD 94m Acquisition of UK Waterproofing, Coatings Supplier Stirling Lloyd

(C)2017 M2 COMMUNICATIONS http://www.m2.com

22 May 2017 - Massachusetts, US-based construction chemicals, specialty building materials supplier GCP Applied Technologies Inc. (NYSE: GCP) has closed the acquisition of UK-based liquid waterproofing and coatings supplier Stirling Lloyd for USD 94m, the company said.

This deal was announced earlier this month.

Stirling Lloyd generates annual net sales of approximately USD 40m.

Stirling Lloyd supplies waterproofing membranes and coatings like Eliminator, Integritank, and Decseal brands, which are used for the protection of infrastructure and buildings.

This acquisition expands GCP's technology platform for infrastructure, repair/renovation and market segments.

The company said Stirling Lloyds' products and customer relationships will offer GCP additional selling channels in targeting specialised end-market applications such as for bridges, tunnels, car parks, and for asphalt repair.

GCP Applied Technologies provides products and technology solutions for customers in the specialty construction chemicals, specialty building materials, and packaging sealants and coatings industries. GCP has approximately 3,000 employees on six continents, and serves customers in more than 110 countries.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2017 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:May 22, 2017
Words:195
Previous Article:Elis Makes Sweetened Bid to Acquire UK Textile and Facility Services Firm Berendsen.
Next Article:Barington/Hilco Acquisition Corp. Funds 30-Day Extension of Date to Consummate Business Combination.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |