RPM International Announced That TMP Convert Has Been Acquired To Be Part Of Its Fibergrate Structures Business, Which Is Part Of RPM's Performance Coatings Group, Deal Terms Of The Transaction Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
RPM International has acquired TMP Convert to integrate it into its Fibergrate Structures business, part of RPM's Performance Coatings Group. TMP Convert, based in France, is a leading manufacturer of outdoor design and landscape products with annual net sales of approximately €35 million. The terms of the deal were not disclosed.
October 31, 2024 | 10:52 am
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RPM International has acquired TMP Convert to enhance its Fibergrate Structures business. This acquisition is expected to strengthen RPM's Performance Coatings Group by adding TMP Convert's €35 million in annual sales.
The acquisition of TMP Convert is likely to positively impact RPM's stock price in the short term as it strengthens its Fibergrate Structures business and adds significant annual sales. The strategic fit and potential for increased market share in outdoor design and landscape products are positive indicators.
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