(2008), "RPMs Tremco acquires licensee in France; complements and accelerates European construction market expansion", Pigment & Resin Technology, Vol. 37 No. 4. https://doi.org/10.1108/prt.2008.12937dab.032
Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited
RPMs Tremco acquires licensee in France; complements and accelerates European construction market expansion
Article Type: Industry news From: Pigment & Resin Technology, Volume 37, Issue 4
RPM International Inc. announced that one of its wholly owned subsidiaries in Europe, Tremco illbruck International, has purchased Prosytec SAS from a subsidiary of Goodrich Corporation.
With sales of approximately $39 million (€26 million), Prosytec is a leading provider of sealants for the construction and window assembly markets in Southern and Eastern Europe. The company has been a long-time partner of Tremco and has served major European markets under a licensing arrangement since 1997. Prosytec is headquartered in Paris and has a manufacturing plant in Dijon, France. Prosytec will become part of the Tremco illbruck International organization, the European operating platform for Tremco.
“We are very pleased to complete the Prosytec deal and, in so doing, grow our construction and window sealants presence dramatically in Southern and Eastern Europe,” said RPM’s President and CEO, Frank C. Sullivan. “This transaction will enhance our already strong sealants business in Europe, which is so successfully led by the management team of our German-based Tremco illbruck International company.”