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RPM acquires synthetic fiber manufacturer

February 16, 2011

PSI Packaging to become part of Euclid Chemical.

Through its subsidiary The Euclid Chemical Company, RPM International Inc. has acquired PSI Packaging, Inc. (PSI), a producer of micro- and macro-fibers for the ready-mixed and pre-cast concrete market. With headquarters and manufacturing located in LaFayette, GA/USA, PSI has annual sales of approximately $6 million. PSI, which was founded in 1999 by its four current owners and executive officers, will become part of Euclid Chemical, a unit of RPM's building solutions group that serves construction markets worldwide. PSI will provide both a complementary product line to existing Euclid Chemical fiber products, as well as manufacturing capacity and expertise.