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Thursday, 5 January 2017

RPM acquires foam division of Clayton Corporation

MEDINA, SAUDI ARABIA: RPM International Inc has acquired the foam division of Clayton Corporation, best known for its consumer polyurethane foam brand Touch 'N Foam.
Based near St Louis, Missouri, the foam division of Clayton Corporation has annual net sales of approximately $60 million. This business will be part of RPM’s DAP business.
The company markets two low-pressure, spray polyurethane foam brands, Touch 'N Foam for the consumer do-it-yourself market and Touch 'N Seal for the professional industrial market. They are used around homes, buildings and other structures to eliminate air leaks and drafts, seal gaps and cracks, and insulate against the elements. These brands primarily serve the North American market.
The acquired product range will be marketed as part of the overall DAP product portfolio, which includes caulks and sealants, construction adhesives, general purpose adhesives, and other patch and repair products.
"The addition of Touch 'N Foam polyurethane expands DAP's product coverage while providing a cost-effective US manufacturing and technology platform. We intend to harness DAP's category management and marketing expertise to improve Touch 'N Foam's placement and market impact. At the same time, we will leverage the Touch 'N Foam sales organisation to aggressively market DAP core products into new channels and accounts," said Frank Sullivan, chairman and CEO of RPM.
© Worldofchemicals News
Read More: RPM acquires foam division of Clayton Corporation

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