London, England, Firetherm has
annual net sales of approximately $10 million. Terms of the
transaction, which is expected to
be accretive to earnings within one year,
were not disclosed.
Firetherm manufactures and supplies
a broad range of fire-stopping products,
intumescent coatings, and fire-rated sealants and fiber boards. They are primarily
sold to specialist fire-stopping contractors, general contractors and home builders who view the company as a leading
technical expert in the sector.
“Firetherm, with its high degree of
fire-stopping technical expertise, is a
good strategic fit with our tremco illbruck Group and its existing Nullifire
intumescent coatings business. The
acquisition expands tremco illbruck’s
product range and capabilities for fire-stopping products and propels it to the
leading position for passive fire protection in the UK,” stated Frank C. Sullivan,
RPM chairman and chief executive officer. “We expect to grow Firetherm in the
UK and internationally by leveraging its
products across the tremco illbruck distribution network.”
Whitford Corporation
Expands its Coatings
Business by Establishing
Medical Coatings Group
Whitford Corporation, a manufacturer
of fluoropolymer coatings for industrial
and consumer industries, announced the
establishment of a new medical coatings
group dedicated to support the use of its
coatings on medical devices. The use of
fluoropolymer coatings on medical de-
vices have been historically dependable
and offer many great benefits, despite a
select few localized application issues
that recently lead to FDA device recalls.
Whitford’s medical coatings group is in
development, based at the company head-
quarters in Elverson, PA; the operation
will occupy a newly constructed facility
that is expected to be fully operational by
3rd quarter 2015.
Whitford Corporation is redefining
its position on the use of its coatings on
medical devices. “As a raw material supplier for catheter guide wire manufacturers and coaters, as well as countless
biocompatible devices, we understand
the benefits of our coatings in medical
applications. Our decision to establish a
dedicated medical coatings group will enable us to support the use of our coatings
in medical applications, and to safely be a
key supplier to medical device manufacturers,” explained Dave Willis, founder &
CEO, Whitford Corporation.
RPM Acquires UK’s
Largest Wood Finishes
Manufacturer
RPM International Inc. has announced
that its RPM2 Group has acquired
Morrells Woodfinishes Ltd., the UK’s
largest manufacturer of high-performance wood finishes.
Based outside of Manchester, Morrells
has annual net sales of approximately
$33 million and nearly 150 employees.
The company will remain a stand-alone
operation within RPM2’s Wood Finishes
Group. Terms of the transaction, which
is expected to be accretive to earnings
within one year, were not disclosed.
Morrells designs, manufactures
and distributes a portfolio of high-performance wood coating systems. The
Morrells product line includes proprietary wood stains, lacquers, colorants
and adhesives for niche applications in
the furniture, cabinetry, and building
construction and restoration sectors.
Among its specialty coatings are finishes
that provide protection from fire, weather and bacteria. The company’s products
are sold under the Xerofire, Induro and
Omnia brands. Morrells also provides
professional application equipment and
accessories under its Sprayshop brand.
The company has an extensive network
of branches throughout the UK, which
provide local support to manufacturers
for their particular needs.
“With a strong management team,
led by chief executives Scott Drayton
and Tony O’Connor, who will stay on to
run the business, a portfolio of advanced
technologies and a customer-centric distribution strategy, Morrells is an excellent fit within our Wood Finishes Group,”
stated Frank C. Sullivan, RPM chairman
and chief executive officer. “We intend to
accelerate Morrells’ growth by leveraging its coatings technologies across the
RPM network.”
Sherwin-Williams Launches
ProBuy+ App for Paint Pros
Sherwin-Williams announces the launch
of the ProBuy+ app, a one-stop destination providing professional painting contractors easy access to product savings,
