Medina, OH, Sept. 1--RPM International’s wholly owned subsidiary, Tremco Incorporated, has completed the acquisition of privately owned Illbruck Sealant Systems, located in Leverkusen, Germany, for approximately US$137 million, including net debt assumption of approximately US$10 million, subject to certain post-closing adjustments.
The acquisition agreement was announced July 25, 2005 and the customary European approvals have since been obtained.
Illbruck, with sales of approximately US$190 million, is a leading manufacturer of innovative, high-performance sealants and installation systems for pre-fabricated construction elements and for window and door applications.
RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings and sealants serving both industrial and consumer markets. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals.
