Ohio-based RPM International has acquired Duram Industries, an Australian maker of waterproofing solutions, through its Tremco Group company.
Cleveland.com reports that chairman of RPM, Frank Sullivan, said it would use the acquisition to help expand its footprint in Australia.
“Tremco intends to leverage its acquisition of Duram to broaden the geographic footprint of its commercial sealants and roofing systems in the Australian market,” Sullivan is reported as saying.
“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.”
According to its website, Seven Hills, NSW-headquartered Duram has been making liquid-applied waterproofing products for nearly 30 years.