RPM Acquires TMP Convert to Expand Decking and Landscaping Offerings
RPM International announced the acquisition of TMP Convert SAS (TMPC), a French manufacturer of outdoor design and landscape products, to be integrated into its Fibergrate Structures business within the Performance Coatings Group. TMPC, with annual net sales of €35 million, produces JOUPLAST® and OCAPE® branded adjustable and fixed pedestals for flooring and roofing applications. The acquisition complements Fibergrate's Bison business in composite pedestals and decking solutions. Thierry Convert will continue leading TMPC's team, focusing on growth with Bison. The deal strengthens RPM's presence in European markets and aligns with their sustainability program through TMPC's use of recycled materials.
RPM International ha annunciato l'acquisizione di TMP Convert SAS (TMPC), un produttore francese di prodotti per il design esterno e il paesaggio, che sarà integrato nella sua attività di Fibergrate Structures all'interno del Performance Coatings Group. TMPC, con un fatturato annuo netto di 35 milioni di euro, produce JOUPLAST® e OCAPE®, pedestalli regolabili e fissi a marchio per applicazioni di pavimentazione e copertura. L'acquisizione completa l'attività di Bison di Fibergrate nelle soluzioni di pedestalli compositi e decking. Thierry Convert continuerà a guidare il team di TMPC, concentrandosi sulla crescita con Bison. L'accordo rafforza la presenza di RPM nei mercati europei e si allinea con il loro programma di sostenibilità attraverso l'uso di materiali riciclati da parte di TMPC.
RPM International anunció la adquisición de TMP Convert SAS (TMPC), un fabricante francés de productos de diseño exterior y paisajismo, que será integrado en su negocio de Fibergrate Structures dentro del grupo de Recubrimientos de Rendimiento. TMPC, con ventas netas anuales de 35 millones de euros, produce JOUPLAST® y OCAPE®, pedestales ajustables y fijos de marca para aplicaciones de pavimentos y techados. La adquisición complementa el negocio de Bison de Fibergrate en soluciones de pedestales compuestos y decking. Thierry Convert continuará liderando el equipo de TMPC, centrándose en el crecimiento con Bison. El acuerdo refuerza la presencia de RPM en los mercados europeos y se alinea con su programa de sostenibilidad a través del uso de materiales reciclados por parte de TMPC.
RPM 인터내셔널은 외부 디자인 및 조경 제품을 제조하는 프랑스 기업 TMP Convert SAS (TMPC)를 인수했다고 발표했습니다. 이 회사는 성과 코팅 그룹 내 Fibergrate Structures 사업에 통합될 것입니다. TMPC는 연간 순매출 3,500만 유로를 기록하며, 바닥재 및 지붕 용도의 조정 가능한 JOUPLAST® 및 OCAPE® 브랜드 고정펜스를 생산합니다. 이번 인수는 Fibergrate의 복합재 기둥 및 데크 솔루션인 Bison 사업을 보완합니다. Thierry Convert는 Bison과의 성장을 중점적으로 TMPC 팀을 이끌 것입니다. 이번 거래는 RPM의 유럽 시장 내 입지를 강화하고 TMPC의 재활용 재료 사용을 통해 지속 가능성 프로그램과 일치합니다.
RPM International a annoncé l'acquisition de TMP Convert SAS (TMPC), un fabricant français de produits de design extérieur et de paysage, qui sera intégré dans son activité Fibergrate Structures au sein du Performance Coatings Group. TMPC, avec un chiffre d'affaires net annuel de 35 millions d'euros, produit des socles réglables et fixes de marques JOUPLAST® et OCAPE® pour des applications de revêtement de sol et de toiture. Cette acquisition complète l'activité Bison de Fibergrate dans les solutions de socles composites et de terrasses. Thierry Convert continuera de diriger l'équipe de TMPC, en se concentrant sur la croissance avec Bison. L'accord renforce la présence de RPM sur les marchés européens et s'inscrit dans leur programme de durabilité grâce à l'utilisation de matériaux recyclés par TMPC.
RPM International hat die Übernahme von TMP Convert SAS (TMPC) bekannt gegeben, einem französischen Hersteller von Produkten für Außendesign und Landschaftsbau, der in das Geschäft von Fibergrate Structures innerhalb der Performance Coatings Group integriert wird. TMPC erzielt einen jährlichen Nettoumsatz von 35 Millionen Euro und produziert JOUPLAST® und OCAPE® Markenverstellbare und feste Stützen für Boden- und Dacheinsätze. Die Übernahme ergänzt das Bison-Geschäft von Fibergrate in Bezug auf Composite-Stützen und Decklösungen. Thierry Convert wird weiterhin das Team von TMPC leiten und sich auf das Wachstum mit Bison konzentrieren. Der Deal stärkt die Präsenz von RPM auf dem europäischen Markt und stimmt mit ihrem Nachhaltigkeitsprogramm durch die Verwendung von recycelten Materialien von TMPC überein.
- Annual net sales contribution of €35 million
- Geographic expansion into European markets
- Product line expansion in decking and landscaping solutions
- Synergistic fit with existing Bison business
- Retention of existing leadership team
- None.
Insights
This strategic acquisition strengthens RPM's position in the European outdoor design market with
The retention of TMPC's leadership team, particularly President Thierry Convert, suggests a smooth integration process and potential for accelerated growth. While the undisclosed transaction terms limit detailed financial analysis, the acquisition aligns with RPM's strategic focus on sustainable building products and should contribute positively to the Performance Coatings Group's revenue stream.
The European decking and landscaping market presents significant growth opportunities, driven by increasing demand for low-maintenance outdoor living solutions. TMPC's strong presence in both professional and DIY segments positions RPM to capitalize on these trends. The company's recycled materials initiative aligns with growing ESG mandates and consumer preferences for sustainable building products.
The integration with Bison's composite pedestal business creates a comprehensive product offering that can be leveraged across global markets. This vertical integration strategy should improve operational efficiency and market penetration, particularly in the expanding European outdoor design sector.
TMPC’s adjustable and fixed pedestals and accessories for flooring and roofing applications complement Fibergrate’s Bison business, which produces composite adjustable pedestals and decking solutions. TMPC’s products are used by both Pro and DIY end users and primarily serve customers in
“TMPC is a strong strategic fit with our Bison business, both from a product perspective and geographically,” stated Frank C. Sullivan, RPM chairman and CEO. “This acquisition will allow us to expand our offering of durable, easy-to-install and low maintenance products for decking and landscaping solutions in markets worldwide. Additionally, this acquisition advances our Building a Better World sustainability program as TMPC uses recycled materials in the manufacturing of its products.”
About RPM
RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates across four reportable segments: consumer, construction products, performance coatings and specialty products. RPM has a diverse portfolio of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, DayGlo, Legend Brands, Stonhard, Carboline, Tremco and Dryvit. From homes and workplaces to infrastructure and precious landmarks, RPM’s brands are trusted by consumers and professionals alike to help build a better world. The company is ranked on the Fortune 500 ® and employs approximately 17,200 individuals worldwide. Visit www.RPMinc.com to learn more.
For more information, contact Matt Schlarb, Vice President – Investor Relations & Sustainability, at 330-220-6064 or mschlarb@rpminc.com.
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Forward-Looking Statements
This press release contains “forward-looking statements” relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and, in many instances, are beyond our control. As a result, our actual results could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include (a) global and regional markets and general economic conditions, including uncertainties surrounding the volatility in financial markets, the availability of capital and the viability of banks and other financial institutions; (b) the prices, supply and availability of raw materials, including assorted pigments, resins, solvents, and other natural gas- and oil-based materials; packaging, including plastic and metal containers; and transportation services, including fuel surcharges; (c) continued growth in demand for our products; (d) legal, environmental and litigation risks inherent in our businesses and risks related to the adequacy of our insurance coverage for such matters; (e) the effect of changes in interest rates; (f) the effect of fluctuations in currency exchange rates upon our foreign operations; (g) the effect of non-currency risks of investing in and conducting operations in foreign countries, including those relating to domestic and international political, social, economic and regulatory factors; (h) risks and uncertainties associated with our ongoing acquisition and divestiture activities; (i) the timing of and the realization of anticipated cost savings from restructuring initiatives, the ability to identify additional cost savings opportunities, and the risks of failing to meet any other objectives of our improvement plans; (j) risks related to the adequacy of our contingent liability reserves; (k) risks relating to a public health crisis similar to the Covid pandemic; (l) risks related to acts of war similar to the Russian invasion of
View source version on businesswire.com: https://www.businesswire.com/news/home/20241031076686/en/
Matt Schlarb
Vice President – Investor Relations & Sustainability
330-220-6064
mschlarb@rpminc.com
Source: RPM International Inc.
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