RPM International Inc. has announced that its Carboline Company subsidiary acquired the remaining 51 percent interest in its Chinese joint venture, Carboline Dalian Paint Production Co., Ltd. (Carboline Dalian), bringing its total ownership to 100 percent. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed. Carboline acquired its initial 49 percent interest in the company in 2009. UniChemical Company, originally a Carboline licensee, has been Carboline's long-standing partner in the joint venture. Carboline Dalian, with sales of approximately $11 million, manufactures corrosion control coatings and linings for oil and gas, power and petrochemical related projects.
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