RPM International’s Tremco Group has acquired the assets of Duram Industries Pty Limited, an Australian-based manufacturer of a comprehensive range of commercial waterproofing products with annual net sales of approximately $6 million.
Duram manufactures a range of liquid-applied waterproofing materials that serve a broad array of above-grade waterproofing needs for brick, exterior insulation and finish systems (EIFS), stucco and noise suppression walls.
They are also used for horizontal and below-grade applications, including pedestrian, vehicular traffic, balcony and thin-set, as well as foundation waterproofing and split slab.
Frank C. Sullivan, RPM chairman and chief executive officer, said Duram has developed a loyal following of customers due to their reputation for consistent, quality materials and exceptional service.
“Tremco intends to leverage its acquisition of Duram to broaden the geographic footprint of its commercial sealants and roofing systems in the Australian market,” Mr Sullivan said.
“Duram’s in-market manufacturing will provide expanded sourcing opportunities and higher customer service levels. At the same time, Tremco will leverage the combined resources to expand the reach of Duram’s products throughout the country.”
The terms of the transaction were not disclosed.