|
|
Article: RPM's Carboline Subsidiary Acquires Majority Interest in Indian Joint Venture.
- Article from:
- PR Newswire
- Article date:
- October 7, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MEDINA, Ohio, Oct. 7 /PRNewswire-FirstCall/ -- RPM International Inc. , a holding company of global specialty coatings, building materials and services businesses, today announced that its Carboline subsidiary has acquired a majority interest in its Indian joint venture, CDC Carboline India Pvt. Ltd. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
Based in Chennai, India, CDC Carboline India manufactures corrosion protection and fireproofing products predominately for the petrochemical, power, fabrication, and commercial and industrial fireproofing markets. The company has annual sales of ...