Schul’s product line primarily consists of pre-compressed, self-expanding foam tapes, which are used for sealing vertical and horizontal joints in applications that include window seals, precast concrete, modular construction and concrete façade restoration. They are sold under the Sealtite and Willseal brands.
Schul is an industry innovator that has developed a number of proprietary systems, including those that are fire rated to provide passive fire protection and others that are pre-coated with silicone to deliver weather-tight joints. Its systems are further differentiated by the use of monolithic foam versus competing products that are made from several foam layers that are laminated together.
Schul and Willseal will be integrated into RPM’s Tremco
Commercial Sealants & Waterproofing business, which specializes
in the manufacture of sealants and waterproofing products for
commercial, residential, industrial and infrastructure markets. The
companies’ entrepreneurial leaders,
“The acquisition of Schul strengthens Tremco’s position as a global
market leader and puts RPM in a leading position for impregnated foam
tape technology. Through this transaction, we are creating a platform
for North American-based production, augmenting our product development
capabilities and leveraging other synergies that will be further
enhanced by our MAP to Growth operating improvement initiative,” stated
About RPM
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This press release contains “forward-looking statements” relating to our
business. These forward-looking statements, or other statements made by
us, are made based on our expectations and beliefs concerning future
events impacting us and are subject to uncertainties and factors
(including those specified below) which are difficult to predict and, in
many instances, are beyond our control. As a result, our actual results
could differ materially from those expressed in or implied by any such
forward-looking statements. These uncertainties and factors include (a)
global markets and general economic conditions, including uncertainties
surrounding the volatility in financial markets, the availability of
capital and the effect of changes in interest rates, and the viability
of banks and other financial institutions; (b) the prices, supply and
capacity of raw materials, including assorted pigments, resins, solvents
and other natural gas- and oil-based materials; packaging, including
plastic containers; and transportation services, including fuel
surcharges; (c) continued growth in demand for our products; (d) legal,
environmental and litigation risks inherent in our construction and
chemicals businesses and risks related to the adequacy of our insurance
coverage for such matters; (e) the effect of changes in interest rates;
(f) the effect of fluctuations in currency exchange rates upon our
foreign operations; (g) the effect of non-currency risks of investing in
and conducting operations in foreign countries, including those relating
to domestic and international political, social, economic and regulatory
factors; (h) risks and uncertainties associated with our ongoing
acquisition and divestiture activities; (i) the timing of and the
realization of anticipated cost savings from restructuring initiatives
and the ability to identify additional cost savings opportunities; (j)
risks related to the adequacy of our contingent liability reserves; and
(k) other risks detailed in our filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20190612005865/en/
Source:
Russell L. Gordon
Vice President and Chief Financial Officer
330-273-5090
rgordon@rpminc.com
