WPCIA Washington September 12, 2018

　　RPM International Inc. acquired Nudura Corporation, a manufacturer and distributor of insulated concrete forms in North America. Based in Ontario, Canada, Nudura has annual net sales in excess of $40 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

　　Nudura provides four series of ICF wall systems, consisting of foam boards made from expanded polystyrene (EPS) and integral hinged plastic webs that hold both sides of the boards together. Concrete is then poured into the form to make an insulated concrete wall system. Nudura also offers a range of complementary building envelope products.

　　The company has three manufacturing plants and a network of 260 distributors in North American markets.

　　Nudura will operate within the RPM Specialty Products Group as a stand-alone operating unit of RPM’s Dryvit business.

　　“Nudura’s product line will complement and expand Dryvit’s existing product offering, allowing for enhanced cross-selling opportunities,” said Frank C. Sullivan, chairman and CEO of RPM. “At the same time, Nudura’s manufacturing footprint will be leveraged for efficiencies in the manufacturing of Dryvit’s NewBrick product, as well as products of other companies within our Specialty Products Group.”