RPM Acquires Ekspan Holdings
November 6, 2017
RPM International Inc.’s USL Group has acquired Ekspan Holdings Limited, a provider of movement control products and services for bridges and major structures. Headquartered in Sheffield, UK, Ekspan has annual net sales of more than $10 million. Terms of the transaction were not disclosed.
Ekspan is the third bolt-on acquisition for USL over the past 15 months. The others were U.S.-based businesses Prime Resins, a manufacturer of specialty chemicals and equipment for infrastructure construction and repair, and Applied Polymerics, Inc., a specialist civil engineering and construction organization focused on bridges, roads, and major structures.
“Ekspan provides an opportunity to broaden USL’s product offerings to include bearings for large structural movement control. By leveraging USL’s wide geographic footprint, there are substantial opportunities to increase Ekspan’s sales beyond its established customer base, especially in international markets,” stated Frank C. Sullivan, RPM chairman and chief executive officer. “Ekspan’s energetic management team will continue to run the business and drive its growth.”