RPM International Inc. has acquired Viapol Ltda., a Brazilian manufacturer and marketer of building materials and construction products. Based in Cacapava, Brazil, near Sao Paulo, Viapol has annual sales of approximately $85 million.
Viapol, which was founded in 1990, will become part of The Euclid Chemical Group, a unit of RPM's Building Solutions Group that serves construction and rehabilitation markets worldwide. Viapol's products are brand leaders in the Brazilian market and include rolled asphalt roofing materials, waterproofing products, concrete admixtures, industrial epoxy flooring systems, structural recovery products and retail paints, varnishes and stains. The company has more than 300 employees, nearly 125 independent sales representatives and two ISO 9000 certified manufacturing facilities in Brazil.
The acquisition further establishes RPM's footprint in the Brazilian market, the largest economy in South America and now the sixth largest economy in the world. The Viapol management team is led by Ariovaldo Jose Torelli and Alexandre Racz.