RPM acquires interest in Chinese licensee
By Tim Wright
Carboline Company, a subsidiary of RPM, has acquired a 49% interest in its Chinese licensee, Carboline Dalian Paint Production Co., Ltd. (
). The remaining 51% of the joint venture will be owned by UniChemical Company, a long-standing partner of Carboline in another joint venture, Carboline Korea Ltd.
, with sales expected to approach
$10 million, manufactures corrosion control coatings and linings for a variety of industries, including offshore drilling, oil and gas, petrochemical, general manufacturing and OEM, nuclear and conventional power, among others.
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