MOSCOW (MRC) -- RPM International Inc, a specialty coatings and sealants manufacturer headquartered in Medina, Ohio, acquired Dudick Inc, said the company.
RPM International Inc.announced that its Carboline subsidiary has acquired the Dudick Inc. business. A provider of high-performance coatings, flooring systems and tank linings, Dudick is headquartered in Streetsboro, Ohio, and has annual net sales of approximately USD10 million. Terms of the transaction were not disclosed.
"Dudick will be a natural fit in our Performance Coatings Group, bringing with them a strong reputation for high-quality products and excellent service built under the leadership of Tom Dudick,” stated Frank C. Sullivan, RPM chairman and CEO. “This acquisition of the Dudick business will allow Carboline to strengthen its position in the secondary containment linings market with an established and trusted product while simultaneously opening the door to expanded sales and future growth opportunity worldwide."
As per MRC, RPM International Inc. announced that it acquired Prime Resins to be part of its USL Group. Prime Resins is a manufacturer of specialty chemicals and equipment for infrastructure construction and repair. Headquartered in Conyers, Georgia, Prime Resins has annual net sales of approximately USD7 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
As MRC informed before, Russia's output of chemical products rose in March 2021 by 5.4% year on year. Thus, production of basic chemicals increased year on year by 6.7% in the first moths months of 2021. March production of polymers in primary form was 958,000 tonnes versus 861,000 tonnes in February. Overall output of polymers in primary form totalled 2,740,000 tonnes over the stated period, up by 8.5% year on year.
Founded in 1970, Dudick is a manufacturer of high-performance linings and secondary containment coatings, providing solutions for corrosion resistance and chemical containment systems across a broad range of applications including food processing, steel production, chemical processing, pulp and paper, electronics, power and biological research labs. The company’s products are manufactured in the U.S., with additional manufacturing relationships in Taiwan and South Korea, and are distributed worldwide. The Dudick business will become part of RPM’s Carboline subsidiary, which is a leading U.S. manufacturer of high-performance industrial coatings, linings and fireproofing products.
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.
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