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
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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.
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|Publication:||M2 EquityBites (EQB)|
|Date:||May 22, 2017|
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