RPM International Inc. has acquired the Universal Sealants (U.K.) Limited group of companies, a UK-based supplier of coatings and construction products and services for bridges and large infrastructure projects. Universal Sealants, which is headquartered near Newcastle, England and has sales of approximately $55 million, will operate as a stand-alone industrial business in the RPM Performance Coatings Group. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
Universal Sealants manufactures, supplies and installs construction products including waterproofing systems, protective coatings, expansion joints and concrete repair products. Universal Sealants' products are primarily used for the construction, maintenance and repair of bridges, parking structures, tunnels, railways and other major structures. The company is a market leader in the United Kingdom and Ireland, and has a growing presence in the Middle East.