RPM acquires European fire protection and insulation business
October 5, 2011
RPM International Inc. announced that its Performance Coatings Group has acquired the Grupo P&V group of companies, a leading European vertically integrated supplier of passive fire protection and insulation products. Headquartered in Barcelona, Spain, and with manufacturing in Villarana, Grupo has annual sales of approximately $23 million. Grupo manufactures, markets and installs expanded perlite and vermiculite for passive fire protection, soundproofing, and cryogenic and heat insulation applications. "This acquisition expands our fireproofing and insulation capabilities, and in conjunction with our Carboline product portfolio, we expect it to help further expand our fire protection and corrosion control market throughout Europe," said Frank Sullivan, RPM chairman and chief executive. Grupo will continue to be led by its existing management team and owners, including founder Isidro Marques and Alvaro Boter.