The acquisition, which was finalized on Thursday 20th July 2017, will see Key Resin Company become a central part of The Euclid Group’s resin flooring arm in North America.
This move will enable The Euclid Group and Key Resin Company to facilitate mutual growth by leveraging complementary product ranges, market presence and infrastructure in both North America and across international markets.
The Euclid Group consists of multiple construction chemical brands of subsidiaries of RPM International Inc., including Euclid Chemical, Eucomex, Toxement, Cave, Viapol, Flowcrete, RPM Belgium and Vandex. Formed in 2016, The Euclid Group united several of the world’s construction chemicals leaders to create an advanced manufacturer of high quality building solutions with strategically located infrastructure and offices around the world.
The Euclid Group’s President, Mark Greaves, said: “Our announcement today marks an exciting development in the resin flooring industry, as bringing on board Key Resin Company means that The Euclid Group is better placed than ever before to provide the construction market with the best technology, the best expertise and the best support.
“This development will allow The Euclid Group to take advantage of the interconnected technologies, geographies and specialties that exist between its businesses. Doing this means that clients will benefit from ever easier access to a wider range of products as well as taking advantage of a streamlined specification process and the combined knowledge of multiple leading construction chemical brands.”
Jeff Cain, the President of Key Resin Company, agrees: “These are exciting times for Key Resin. The inclusion of Key Resin into The Euclid Group adds resources to Key Resin that will allow us to remain an industry leader in the Americas while expanding our product manufacturing and sales influence internationally. Most significantly, Key Resin will maintain their management and employee structure ensuring continuity to the customers and the entire Key Resin family.”