RPM buys Australian waterproofing materials manufacturer

RPM International Inc has announced that its Tremco Group has acquired the assets of Duram Industries Pty Limited, an Australia-based manufacturer of a comprehensive range of commercial waterproofing products with annual net sales of approximately US$6M. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

Duram’s liquid-applied waterproofing materials serve a broad array of above-grade waterproofing needs for brick, EIFS (exterior insulation and finish systems), stucco and noise suppression walls. They are also utilised for horizontal and below-grade applications, including pedestrian, vehicular traffic, balcony and thin-set, as well as foundation waterproofing and split slab. Due to a brand reputation for consistent, quality materials and exceptional service, the company has developed a loyal following of customers