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RPM Acquires ICF Manufacturer

Thursday, September 13, 2018

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RPM International Inc. (Medina, Ohio), parent company of brands such as Rust-Oleum, Tremco and Carboline, announced Tuesday (Sept. 11) that it has acquired Nudura Corporation, a manufacturer and distributor of insulated concrete forms in North America.

The Ontario-based company has annual net sales in excess of $40 million, RPM reports.

RPM

RPM International Inc. (Medina, Ohio), parent company of brands such as Rust-Oleum, Tremco and Carboline, announced Tuesday that it has acquired Nudura Corporation, a manufacturer and distributor of insulated concrete forms in North America.

Nudura provides four series of ICF wall systems, consisting of foam boards made from expanded polystyrene and integral hinged plastic webs. It also produces a range of building envelope products.

Nudura will operate within the RPM Specialty Products Group as a stand-alone unit of RPM’s Dryvit business, which manufactures exterior insulation and finish systems.

“Nudura is an excellent strategic fit that offers several key competitive advantages for Dryvit,” said Frank C. Sullivan, chairman and CEO of RPM.

“Its product line will complement and expand Dryvit’s existing product offering, allowing for enhanced cross-selling opportunities. At the same time, Nudura’s manufacturing footprint will be leveraged for efficiencies in the manufacturing of Dryvit’s NewBrick product, as well as products of other companies within our Specialty Products Group.”

Financial terms for the deal were not disclosed.

   

Tagged categories: Acquisitions; Building envelope; Business matters; RPM; Specialty Coatings

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