RPM Acquires Indoor Air Quality Services Business

MEDINA, Ohio – (BUSINESS WIRE)–RPM International Inc. (NYSE: RPM) today announced that Tremco Construction Products Group has acquired Pure Air Control Services, Inc., a provider of indoor air quality solutions. Headquartered in Clearwater, Florida, Pure Air has annual net sales of approximately $10 million. The terms of the transaction have not been disclosed.

Founded in 1984, Pure Air provides a full range of turnkey solutions to indoor air quality issues, including environmental consulting, building diagnostics and laboratory services, as well as hygienic cleaning and restoration of HVAC systems. The senior indoor air quality staff includes industrial hygienists, certified indoor environmental consultants, microbiologists and building remediation engineers. The company primarily serves government agencies, educational institutions, commercial properties, energy engineering companies and other mechanical contractors. Over its 37 years of existence, Pure Air has serviced more than 10,000 buildings covering a total area of ​​600 million square feet. Pure Air becomes part of Tremco Roofing and Building Maintenance affiliated construction services company Weatherproofing Technologies Inc.

“Pure Air represents a strategic and synergistic service-related business for Tremco Roofing and our Construction Products Group. Combined, these complementary companies have more horsepower to penetrate vertical markets,” said Frank C. Sullivan, chairman and CEO of RPM. “We look forward to working with Pure Air founder Alan Wozniak and his management team to rapidly scale the business by leveraging our North American sales force, strategic partnerships and operational infrastructure.”

About RPM

RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates in four reportable segments: consumer products, construction products, performance coatings and specialty products. RPM has a diverse portfolio with hundreds of leading brands, including: Rust-Oleum, DAP, Zinsser, Varathane, Day-Glo, Brand legend, stonhard, Carbonine, Tremco and dryvit. From homes and workplaces to infrastructure and precious monuments, RPM’s brands are trusted by consumers and professionals alike to help build a better world. The company employs 15,500 people worldwide. Visit www.RPMinc.com learn more.

For more information, contact Russell L. Gordon, vice president and chief financial officer, at 330-273-5090 or [email protected]

Forward-Looking Statements

This press release contains “forward-looking statements” regarding our company. These forward-looking statements, or any other statements made by us, are made based on our expectations and beliefs regarding future events affecting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and , in many cases , are beyond our control. As a result, our actual results could differ materially from those expressed in or implied by such forward-looking statements. These uncertainties and factors include (a) global markets and general economic conditions, including uncertainties surrounding financial market volatility, the availability of capital and the effect of changes in interest rates, and the viability of banks and other financial institutions; (b) the prices, supply and availability of raw materials, including various pigments, resins, solvents and other natural gas and oil-based materials; packaging, including plastic and metal containers; and transportation services, including fuel surcharges; (c) continued growth in demand for our products; (d) legal, environmental and litigation risks inherent in our construction and chemical business and risks related to the adequacy of our insurance coverage for such matters; (e) the effect of changes in interest rates; (f) the effect of exchange rate movements on our foreign operations; (g) the effect of non-currency risks of investing in and conducting business abroad, including those related to domestic and international political, social, economic and regulatory factors; (h) risks and uncertainties associated with our ongoing acquisition and divestment activities; (i) the timing of and realization of expected cost savings from restructuring initiatives and the ability to identify additional cost savings opportunities; (j) risks related to the adequacy of our contingent liability reserves; (k) risks associated with the Covid pandemic; (l) risks related to adverse weather events or the effects of climate change and natural disasters; and (m) other risks described in our filings with the Securities and Exchange Commission, including the risk factors set forth in our Annual Report on Form 10-K for the year ended May 31, 2021, as may be changed from time to time. updated time. We undertake no obligation to publicly update or revise any forward-looking statements to reflect future events, information or conditions that may arise after the date of this press release.

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