14th July 2020

RPM BUYS CIVIL ENGINEERING FIRM

RPM International Inc. has acquired Applied Polymerics, Inc. & Marketing Associates, Inc. (API/MAI), a specialist civil engineering and construction organization focusing on bridges, roads and major structures. It becomes part of part of the Universal Sealants (U.K.) Ltd. (USL) business within the RPM Performance Coatings Group.

API/MAI manufactures, supplies and installs specialist construction products, including bridge expansion joints, concrete repair compounds, protective coatings and pavement preservation products. Based in Mount Airy, NC, it has annual net sales of approximately $14-million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

"RPM's USL subsidiary, the UK's leader in bridge expansion joint and bridge repair, has a wide range of products and know-how that will enable API/MAI to expand its reach and become a national player throughout the U.S. in compatible market spaces," stated Frank C. Sullivan, RPM chairman and chief executive officer. "API/MAI's historical track record with local Department of Transportation divisions will greatly accelerate acceptance in the market and provide the opportunity to sell high value, differentiated technologies to solve larger and more complex bridge and road repair needs." As occurs with other of RPM's acquisitions, the existing management team, led by Jonathan Simmons and Mark O'Neal, will continue to lead the API/MAI organization.

www.rpminc.com