RPM International Inc (NYSE: RPM) disclosed that its Carboline unit has bought the Dudick Inc. business. Dudick is based in Streetsboro, Ohio, and has gained recognition as an offeror of high-performance coatings, flooring systems, and tank linings. It has been disclosed that Dudick has recorded net sales of nearly $10 million.
Furthermore, since its inception in 1970, it has gained recognition as the manufacturer of high-performance linings and secondary containment coatings, offering solutions for corrosion resistance and chemical containment systems across a broad range of applications including food processing, steel production, chemical processing, pulp, and paper, electronics, power, and biological research labs.
Shares of RPM International Inc (NYSE: RPM) went down 2.00% as it lost -1.90 during the trading session of Monday. In the past 52-weeks of a trading session, the share of the firm went up to $71.19 from its 52-week low range and went down $99.30 from its 52-week high range. The firm has a total market capitalization of $11.90 billion at the time of writing.
In addition to this, the products of the firm are produced in the U.S., with extra manufacturing relationships in Taiwan and South Korea, and are disseminated all around the globe. The Dudick business will join the Carboline subsidiary of RPM, which is a prominent U.S. manufacturer of high-performance industrial coatings, linings, and fireproofing products.