RPM Acquires TMP Convert to Expand Decking and Landscaping Offerings
31 Oktober 2024 - 11:45AM
Business Wire
RPM International Inc. (NYSE: RPM) announced today that TMP
Convert SAS (TMPC) has been acquired to be part of its Fibergrate
Structures (Fibergrate) business, which is part of RPM’s
Performance Coatings Group. TMPC is based in Simandre-sur-Suran,
France, and is a leading manufacturer of outdoor design and
landscape products under the JOUPLAST® and OCAPE® brands. The
company has annual net sales of approximately €35 million and terms
of the transaction were not disclosed.
TMPC’s adjustable and fixed pedestals and accessories for
flooring and roofing applications complement Fibergrate’s Bison
business, which produces composite adjustable pedestals and decking
solutions. TMPC’s products are used by both Pro and DIY end users
and primarily serve customers in Europe. Thierry Convert, president
of TMPC, will continue to lead the existing leadership team and
accelerate growth in partnership with Bison and the Performance
Coatings Group.
“TMPC is a strong strategic fit with our Bison business, both
from a product perspective and geographically,” stated Frank C.
Sullivan, RPM chairman and CEO. “This acquisition will allow us to
expand our offering of durable, easy-to-install and low maintenance
products for decking and landscaping solutions in markets
worldwide. Additionally, this acquisition advances our Building a
Better World sustainability program as TMPC uses recycled materials
in the manufacturing of its products.”
About RPM
RPM International Inc. owns subsidiaries that are world leaders
in specialty coatings, sealants, building materials and related
services. The company operates across four reportable segments:
consumer, construction products, performance coatings and specialty
products. RPM has a diverse portfolio of market-leading brands,
including Rust-Oleum, DAP, Zinsser, Varathane, DayGlo, Legend
Brands, Stonhard, Carboline, Tremco and Dryvit. From homes and
workplaces to infrastructure and precious landmarks, RPM’s brands
are trusted by consumers and professionals alike to help build a
better world. The company is ranked on the Fortune 500 ® and
employs approximately 17,200 individuals worldwide. Visit
www.RPMinc.com to learn more.
For more information, contact Matt Schlarb, Vice President –
Investor Relations & Sustainability, at 330-220-6064 or
mschlarb@rpminc.com.
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International Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20241031076686/en/
Matt Schlarb Vice President – Investor Relations &
Sustainability 330-220-6064 mschlarb@rpminc.com
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