Boston, MA 06\/18\/2014 (wallstreetpr) \u2013\u00a0\u00a0RPM International Inc. (NYSE:RPM)<\/b>, a $6 billion specialty coatings and sealants provider with products that include Zinsser, Tremco, Rust-Oleum and Stonhard, is out this year to boost its profile through acquisitions.<\/p>\n
The company recently made its second deft move in Brazil where it added to its portfolio a manufacturer of waterproofing materials known as Betumat Quimica. The last time the company made an acquisition in Brazil was in 2012 whereby it acquired Viapol, a manufacturer of building and construction materials. The company considers Brazil one of the world’s most dynamic economies.<\/p>\n
Focus on revenue<\/b><\/p>\n
The company has made three acquisitions in a span of less than one year. In addition to Betumat, RPM International Inc. (NYSE:RPM) also recently acquired two other companies that include Expanko Inc of Pennsylvania in September last year and Citadel Restoration and Repair Inc in January this year. The acquisitions hinge on efforts to improve market share and diversify operations in pursuit of bigger revenue and profits.<\/p>\n
The latest Brazilian acquisition was made through its Brazilian business Viapol.<\/p>\n
Betumat, the latest addition to the business family of RPM International Inc. (NYSE:RPM), has an annual net sale of about $22 million.<\/p>\n
The acquisition rational<\/b><\/p>\n
It is not without reason that RPM International has moved to make another acquisition in Brazil. As already noted, the company considers Brazil and interesting market for its business and its acquisitions in the country have an aspect of the future.<\/p>\n
First and foremost, the acquisition of Betumat adds a full line of waterproofing products to the portfolio of RPM International, which will boost its standing in the waterproofing materials market. As such, the company expects the acquisition to contribute to earnings within one year.<\/p>\n
Secondly, RPM International Inc. (NYSE:RPM) CEO Frank C. Sullivan commented on the deal by citing that the acquisition will expand their geographical presence and market share in Brazil. In other words, the executive believes the acquisition will contribute to significant top line and bottom line gains for the company in the long-run.<\/p>\n
The financial details of the latest deal were not released.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 06\/18\/2014 (wallstreetpr) \u2013\u00a0\u00a0RPM International Inc. (NYSE:RPM), a $6 billion specialty coatings and sealants provider with products that include Zinsser, Tremco, Rust-Oleum and Stonhard, […]<\/p>\n","protected":false},"author":32,"featured_media":26147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[7387,7386],"stock_ticker":[],"class_list":["post-26146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nyserpm","tag-rpm-international-inc-nyserpm","entry"],"acf":[],"yoast_head":"\n