RPM Acquires Nudura, Expands Dryvit Product Offerings
RPM International Inc. has acquired Nudura Corp., a leading manufacturer and distributor of insulated concrete forms in North America. This addition, which is expected to be accretive to its earnings within a year, is an excellent strategic fit for RPM, providing key competitive advantages to Dryvit business. However, the terms of the deal are not yet disclosed.
Nudura, which generates annual net sales of more than $40 million, provides four series of ICF wall systems. It also offers a wide range of complementary building envelope products. Notably, ICFs provide improved energy efficiency and superior insulation, as well as greater resistance to fire, hurricanes, earthquakes and flooding, unlike traditional construction methods.
Per the deal, Nudura will function within RPM’s Specialty segment as a stand-alone operating unit of the company’s Dryvit business. Dryvit is the one of the leading manufacturers of exterior insulation and finish systems in North America, and the innovator of NewBrick, a lightweight, energy-efficient brick product.
RPM believes that the integration of Nudura’s product line will benefit the Dryvit business by expanding the existing product offering of Dryvit and enhancing cross-selling opportunities. Meanwhile, Nudura’s manufacturing footprint will enhance Dryvit’s NewBrick product efficiency along with other products within the Specialty segment.