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RPM to Acquire German EIFS Company FEMA

Friday, December 2, 2011

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RPM International Inc. (Medina, Ohio) announced that its RPM Building Solutions Group signed an agreement to acquire FEMA Farben + Putze GmbH (FEMA GmbH), a Germany-based Exterior Insulating and Finishing Systems (EIFS) manufacturer and supplier.

Terms of the transaction were not disclosed.

Based in Ettlingen, Germany, FEMA GmbH has annual sales of more than $40 million and serves the German and French construction markets.

“The addition of FEMA’s EIFS product line immediately enhances our capabilities to address the market for energy-efficient and sustainable high-performance buildings in Germany, the current number-one marketplace for EIFS in the world, and France, one of the fastest-growing markets for EIFS,” said Frank C. Sullivan, RPM chairman and CEO. ”It also provides a platform to extend FEMA’s product systems through existing RPM subsidiary companies into other European countries.”

FEMA GmbH will operate as a stand-alone business within RPM BSG Europe in conjunction with Tremco illbruck and the FEMA GmbH existing management team, which was developed by Heinz Fedder, founder and CEO. Fedder will continue with the company in a consulting capacity.

RPM International Inc. is the holding company for a group of businesses that manufacture and market specialty coatings, sealants, building materials, and related services serving industrial and consumer markets. Subsidiaries include Stonhard, Tremco, Carboline, Flowcrete, Zinsser, Rust-Oleum, and others.

   

Tagged categories: Acquisitions; Building materials; Business matters; Cladding; EIFS; FEMA Farben + Putze; Insulation; RPM

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