Universal Sealants (UK) Ltd, part of Ohio-based speciality coating company RPM International Inc., has acquired UK-based Ekspan Holdings Ltd, a provider of movement control products and services for bridges and major structures.
Headquartered in Sheffield, the UK, Ekspan’s annual net sales is in excess of €8.5m. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
Established in 1990, Ekspan designs, manufactures and installs speciality bridge bearings and expansion joints, as well as custom engineered solutions for bridges, high-rise buildings, wind turbines and other structures.
Its products are used for new construction projects, as well as the refurbishment and replacement of existing installations. Among its high-profile projects is the iconic London Tower Bridge.
The acquiring entity, UK-based USL Group, specialises in civil engineering and construction company focusing on bridges, tunnels, car parks, rail, airports and utility projects globally. The company manufactures, supplies and installs construction products including bridge expansion joints, waterproofing membranes, protective coatings, structural drainage solutions, as well as a range of grouts, mortars, sealants and adhesives.
Ekspan is the third bolt-on acquisition for USL over the past 15 months. The other two included the acquisition of US-based businesses Prime Resins, a manufacturer of speciality chemicals and equipment for infrastructure construction and repair, and Applied Polymerics, Inc., a specialist civil engineering and construction organisation focused on bridges, roads and major structures.
“Ekspan provides an opportunity to broaden USL’s product offerings to include bearings for large structural movement control,” said Frank Sullivan, RPM chairman and chief executive officer.