As We Go To Press
RPM acquires Turkish distributor
RPM’s Building Solutions Group has
acquired Park Dis Ticaret A.S., a
leading supplier of sealants, tapes
and membranes to the construction
markets in Turkey. Based in
Istanbul, Park has annual sales of
approximately $10 million. Founded
in 1994 by Adnan Akkin, Park distributes high-performance sealants,
weatherseals, structural silicones,
one-side and double-side adhesive
tapes, and adhesives to customers in
Turkey, Russia and the Middle East.
“This acquisition will provide Tremco
illbruck and the RPM Building
Solutions Group (BSG), a strong base
from which to grow our international
presence,” said Frank C. Sullivan,
RPM chairman and chief executive
officer. “As part of the RPM BSG,
Park will also be able to expand its
product offerings into new categories,
such as firestopping. We look forward
to having Adnan Akin and his management team join RPM.”
$30 million in the new plant located on
its Changshu platform. Start-up is
expected in late 2012. Expanding man-
ufacturing into China for emulsion
products enhances Arkema’s position
as an integrated global raw materials
source for its customers in many
industries, and reinforces Arkema’s
strategy to grow its position in Asia
and increase its acrylics downstream
integration. Adding capability for
emulsion products will further
enhance Arkema’s offering in the
region to coatings manufacturers,
especially after the completion of the
Coatex acrylic polymer plant which is
expected to start up mid 2011 as
announced in July 2009. CW
Index to Companies
This index gives the starting page for a department or feature with
a significant reference to a manufacturer of paint, coatings, adhesives and
sealants. Subsidiaries are indexed under their own names.
VALSPAR ANNOUNCES PRICE
INCREASE FOR POWDER COATINGS
Valspar has implemented price increases for protective coatings products in the company’s general industrial line serving the pipe and rebar
markets. Pricing changes will take
effect for all shipments on or after
Oct. 15. The continued escalation in
the price for epoxy, a key raw material used to manufacture fusion bonded
epoxy coating products, necessitated
the action.
ARKEMA EXPANDS ITS
PRESENCE IN EMULSIONS IN CHINA
Arkema has announced the construc-
tion of a latex plant in China to pro-
duce a range of emulsion polymers for
use primarily in the coatings and
adhesives markets. Arkema will invest
AkzoNobel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10, 45