OHIO FIRM ACQUIRES HUDSON-BASED SEALANT COMPANIES.
A subsidiary of Ohio coatings and sealant manufacturer RPM International has acquired Schul International Co., a Hudson, NH-based manufacturer of foam tapes. RPM's Tremco Commercial Sealants & Waterproofing unit also announced the purchase of joint sealant maker Schul International Co. of Hudson as well as Schul's products marketing and sales company, Willseal LLC. Terms were not disclosed.
RPM, which owns the Rust-Oleum and DAP product lines, said Schul and Willseal--which markets Schul products under the Willseal and Sealtite brand names--will be integrated under Tremco's commercial sealants and waterproofing business. Both segments' current executives will continue in those roles. RPM said Schul's pre-compressed, self-expanding foam tapes are used to seal joints in window seals, precast concrete, modular construction, concrete facade restoration and other applications. Company officials said the acquisition would strengthen the Tremco segment and make RPM a market leader for "impregnated foam tape technology."
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|Title Annotation:||THE BOTTOM LINE|
|Publication:||New Hampshire Business Review|
|Date:||Jul 19, 2019|
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