RPM International Inc. announced that its RPM Building Solutions Group (RPM BSG) has signed an agreement to acquire FEMA Farben + Putze GmbH (FEMA GmbH) of Ettlingen, Germany. FEMA GmbH, with annual sales of more than USD $40 million, is a manufacturer and supplier of external insulating and finishing systems (EIFS) and complementary product lines to 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. It also provides a platform to extend FEMA's product systems through existing RPM subsidiary companies into other European countries," said Frank Sullivan, RPM chairman and chief executive.
"FEMA's energy efficient cladding complements our Tremco illbruck building sealing technologies, allowing us to serve a larger portion of the market for energy efficient buildings," said Reiner Eisenhut, president and managing director of RPM BSG Europe.
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, who will continue with the company in a consulting capacity.
RPM to acquire leading German EIFS company
Published December 2, 2011
Related Breaking News
Related Paint & Coatings Manufacturer News