RPM increases minority interest in Indian composites company

摘要

RPM International Inc. has agreed to increase its minority ownership interest in Kemrock Industries and Exports Ltd., a fully integrated fiberglass reinforced plastic composites manufacturer with more than $200 million in annual sales located in Vadodara, Gujarat State, India, from aRPM International Inc. has agreed to increase its minority ownership interest in Kemrock Industries and Exports Ltd., a fully integrated fiberglass reinforced plastic composites manufacturer with more than $200 million in annual sales located in Vadodara, Gujarat State, India, from approximately 14.9 percent to 15.1 percent. As a result of this agreement to increase its ownership interest above 15 percent, RPM is required under Indian law to commence a public offer for up to an additional 20 percent of the outstanding shares of Kemrock.