17th February 2020

TREMCO GROUP PURCHASES CHEMTRON

Tremco Group (Beachwood, OH) has acquired certain assets of Chemtron Manufacturing Ltd., the Calgary-based manufacturer of construction adhesives, sealants and tapes.

The business will operate as Chemtron International, Inc. and will work closely with the Tremco Commercial Sealants & Waterproofing Division (Tremco CS&W), due to synergies between the two businesses. Tremco CS&W is a supplier of integrated building envelope solutions for commercial and residential construction and industrial applications.

Chemtron has annual net sales of approximately $5-million. Terms of the transaction were not disclosed.

Its product line includes adhesives, caulks, glazing tapes, mastics, sealants and related compounds for the OEM and construction markets. In addition to its headquarters and 52,000-sq ft manufacturing plant in Calgary, the company also has a distribution facility in Edmonton.

“The addition of Chemtron will improve Tremco’s logistics with West Coast customers,” said Paul G.P. Hoogenboom, Tremco Group president. “Plus, Chemtron’s product portfolio, particularly its premium butyl and putty tapes, complements Tremco’s growing industrial and OEM businesses. At the same time, we expect to accelerate Chemtron’s growth beyond the Pacific Northwest by leveraging its products across Tremco’s significant North American sales and distribution network.”

Chemtron Manufacturing Ltd. has been jointly owned by brothers, Glenn and David Molnar. Glenn will join Chemtron International, Inc. as general manager and vice president – sales, and his son, Courtland, will take on the role of product line manager.

Tremco Group employs 1,850 employees globally. It consists of operating businesses specializing in the manufacture and sale of construction sealants, glazing and gaskets, waterproofing systems, traffic and deck coatings, air barriers, roofing materials and services, firestopping systems and custom designed products, programs and services dedicated to the worldwide construction and maintenance and repair industries.

www.tremcoinc.com