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Newsroom > Press Releases
Press Release
FOR IMMEDIATE RELEASE
DAP® ACQUIRES PATCH & REPAIR PRODUCTS LINE FROM CUSTOM® BUILDING PRODUCTS
Deal extends DAP’s market leadership in ready-to-use Patch & Repair Products
BALTIMORE, February 10, 2006 – DAP Inc. (DAP), a wholly-owned
subsidiary of RPM International Inc. (NYSE: RPM), today announced the purchase
of Custom Building Products’ ready-to-use (pre-mix) Patch & Repair Products.
Seal Beach, California-based Custom® Building Products has a 40-year history as
a manufacturer of industry-leading tile and stone installation products.
"The purchase of Custom Building Products’ Patch & Repair Products solidifies
our leadership position in this category and furthers DAP’s long-term vision to
expand its market presence through both internal growth initiatives and select,
strategic acquisitions,” said John McLaughlin, President & CEO of DAP. “We have
long admired the breadth of their line and are excited about adding these
products to the DAP family of brands."
The transaction extends DAP’s leading market position in the ready-to-use patch
and repair products and adds to its portfolio a number of well known spackling,
patching and wall repair products, including Patch-N-Paint® Lightweight
Spackling, Patch-N-Paint® Wall Repair Patch Kit, All Purpose Spackling Paste,
Flexall® Flexible All Purpose Filler, Custom Patch® Smooth Elastomeric Patching
Compound, Custom Patch® Textured Elastomeric Patching Compound, Pre-mix Stucco
Patch, Pre-mix Concrete Patch, Squeeze-N-Fill™ Concrete Crack Filler and
Wallboard Joint Compound.
Terms of the agreement were not disclosed.
About DAP Inc.
DAP markets reliable, long-lasting products for contractors and
do-it-yourselfers. Headquartered in Baltimore, MD, DAP is a leading marketer of
caulks, sealants, adhesives, insulating foam, spackling, glazing, and other
general patch and repair products. For more information about our products
visit our website at www.DAP.com. DAP Inc. also sponsors the DAP Help Line, a
seven-day-a-week consumer hotline, 1-888-DAP-TIPS (1-888-327-8477).
About RPM International Inc.
RPM International Inc., a holding company, owns subsidiaries that are world
leaders in specialty coatings serving both industrial and consumer markets.
Industrial products include roofing systems, sealants, corrosion control
coatings, flooring coatings and specialty chemicals. Consumer products are used
by professionals and do-it-yourselfers for home maintenance and improvement,
automotive and boat maintenance, and by hobbyists. Industrial brands include
Stonhard, Tremco, Carboline, Day-Glo, Euco and Dryvit. Consumer brands include
Zinsser, Rust-Oleum, DAP, Varathane and Testors.
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