RPM International has announced its acquisition of Viapol, a company that was founded in 1990 and manufactures and markets building materials and construction products in Cacapava, near Sao Paulo in Brazil. Viapol has an annual sales income of $85 million approximately. Terms of the transaction, which is likely to be added to the earnings after first year were not revealed.
Viapol will now become a part of RPM's Building Solutions Group subsidiary, The Euclid Chemical Group which serves rehabilitation and construction markets globally. The Viapol’s products include stains, varnishes, retail paints, structural recovery products, industrial epoxy flooring systems, concrete admixtures, waterproofing products and rolled asphalt roofing materials. The company has nearly 125 independent sales representatives and more than 300 staff in addition to two ISO 9000 certified manufacturing units in Brazil.
Frank C. Sullivan, chairman and chief executive officer of RPM said that the acquisition of Viapol is a significant step for RPM and its industrial and consumer businesses in the Brazilian market, which is now the sixth largest economy in the world and the largest in South America. RPM believes that Viapol will develop many of RPM’s current technologies to introduce new products while gaining advantage of its existing customer base for further growth opportunities. He also stated that the company is looking forward to the joining of the Viapol management team, guided by Alexandre Racz and Ariovaldo Jose Torelli.
Source: http://www.rpminc.com/