approximately $26 million. It will operate as a free-standing business within the
RPM Performance Coatings Group and
report through the Carboline Company.
Terms of the transaction, which is expected to be accretive to earnings within one
year, were not disclosed.
The SPC product line is comprised
predominantly of 100-percent solids epoxy and urethane coatings that contain
no volatile organic compounds. They are
specified and sold for the maintenance
and construction of steel pipes, railway
cars, tank linings, steel structures and
marine applications. Headquartered near
Vancouver, in Langley, British Columbia,
SPC also has a manufacturing facility in
Brantford, Ontario, and an office and
warehouse in Angleton, Texas.
“We already have a strong position in
the U.S. oil and gas energy market through
our Carboline business. The acquisition
of SPC complements that position by
providing a proven, tenured technology
with strong brand recognition for the
pipeline industry. We intend to accelerate
SPC’s growth by leveraging Carboline’s
large global sales force,” stated Frank C.
Sullivan, RPM chairman and CEO. “In
keeping with our reputation as the best
home for entrepreneurial businesses in
our industry, several members of the cur-
rent senior leadership under the founder,
Bob Alliston, will continue to manage the
business as part of RPM.”
Axalta Reveals New Imron
Polyurethane Global Brand
Identity
Axalta Coating Systems announced a
new visual identity for its Imron brand
of polyurethane coatings, a portfolio of
premium quality products for original
equipment manufacturers (OEMs) and,
in selected markets, for the aftermarket
repair of commercial vehicles.
For decades, Imron polyurethane
enamel has been the number one finish of
choice for leading heavy-duty truck, bus,
and rail manufacturers. Imron boasts
excellent durability, outstanding
graffiti-resistant performance on
topcoats and clears, reliable cor-
rosion protection, and excellent
resistance to chemicals and weathering,
as well as shock and impact. These quali-
ties make Imron one of the most widely
approved coatings among commercial ve-
hicle manufacturers.
The new logo for Imron incorporates
three elements – a diamond, a road, and
a shield – which when combined reflect
the attributes that customers have come
to value in the Imron name. The diamond represents Imron’s durability and
toughness. The road conveys the tough
environments where Imron is used. The
shield conveys Imron’s promise to protect
vehicles against the elements.
Sika Opens New National
Subsidaries in Djibouti,
Cameroon
The establishment of new national subsidiaries in Djibouti and Cameroon takes
It’s not that we don’t take time off, it’s that
we never waste time on. We invest in your
success. We’re proactive in your prosperity.
And we approach our workdays with your
best interests front and center. We’re ready
to show why Palmer Holland is more than
just a simple extension of your business.
We’re on the
job even when
we’re off the clock
