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RPM Acquires Firetherm Intumescent & Insulation Supplies for Construction Industry

Published on 2015-04-24. Author : SpecialChem

MEDINA, Ohio -- RPM International Inc. announced that its tremco illbruck Group has acquired Firetherm Intumescent & Insulation Supplies Ltd., the United Kingdom market leader in fire-stopping solutions for the construction industry. Based in Kent, near London, England, Firetherm has annual net sales of approximately $10 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

Firetherm manufactures and supplies a broad range of fire-stopping products, intumescent coatings, and fire-rated sealants and fiber boards. They are primarily sold to specialist fire-stopping contractors, general contractors and home builders who view the company as a leading technical expert in the sector.

"Firetherm, with its high degree of fire-stopping technical expertise, is a good strategic fit with our tremco illbruck Group and its existing Nullifire intumescent coatings business. The acquisition expands tremco illbruck's product range and capabilities for fire-stopping products and propels it to the leading position for passive fire protection in the UK," stated Frank C. Sullivan, RPM chairman and chief executive officer. "We expect to grow Firetherm in the UK and internationally by leveraging its products across the tremco illbruck distribution network."

About Firetherm
A private independent company formed in 1992 with a vision to ensure excellent product, service, and technical advice and to be second to none in terms of quality, delivery performance and to be an extremely competitive force in the market place. Though now an international concern Firetherm still maintains the family run business approach, Friendly staff, quality products along with excellent service and after sales support have helped us become the Fire Stopping Contractors number one Fire-Stopping Manufacturer and supplier, a position we are very proud of after all it's in the name.

About RPM
RPM International Inc. owns subsidiaries that are among the world leaders in specialty coatings, sealants, building materials and related services for both industrial and consumer markets. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial companies include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Day-Glo, Dryvit and Euclid Chemical. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors.

Source: RPM 


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