Beachwood, OH, July 02, 2015 --(PR.com
)-- Tremco Group announced today the acquisition of certain assets of Chemtron Manufacturing Ltd.
, a Calgary-based manufacturer of construction adhesives, sealants and tapes with annual net sales of approximately $5 million. Terms of the transaction were not disclosed.
The business will operate as Chemtron International, Inc. and will work closely with the Tremco Commercial Sealants & Waterproofing Division
(Tremco CS&W), due to synergies between the two businesses. Tremco CS&W is a leading North American supplier of integrated building envelope solutions for commercial and residential construction and industrial applications.
The Chemtron product line includes adhesives, caulks, glazing tapes, mastics, sealants and related compounds for the OEM and construction markets. In addition to its headquarters and 52,000-square-foot manufacturing plant in Calgary, Alberta, the company also has a distribution facility in Edmonton, Alberta.
“The addition of Chemtron will improve Tremco’s logistics with West Coast customers. Plus, Chemtron’s product portfolio, particularly its premium butyl and putty tapes, compliments Tremco’s growing industrial and OEM businesses,” said Paul G.P. Hoogenboom, Tremco Group president. “At the same time, we expect to accelerate Chemtron’s growth beyond the Pacific Northwest by leveraging its products across Tremco’s significant North American sales and distribution network.”
Chemtron Manufacturing Ltd. has been jointly owned by brothers, Glenn and David Molnar. Glenn will join Chemtron International, Inc. as general manager and vice president – sales, and his son, Courtland, will take on the role of product line manager.
About Tremco Group
With more than 1,850 employees in dozens of locations around the world, Tremco Group consists of operating businesses specializing in the manufacture and sale of construction sealants, glazing and gaskets, waterproofing systems, traffic and deck coatings, air barriers, roofing materials and services, firestopping systems and a host of custom designed products, programs and services dedicated to the worldwide construction and maintenance and repair industries. The company is committed to helping customers develop and maintain high performance buildings that operate with the lowest possible life cycle costs.
Tremco Group includes Tremco Commercial Sealants & Waterproofing, Tremco Roofing and Building Maintenance, Tremco Barrier Solutions and Chemtron International, Inc. All Tremco Group facilities are ISO 9001 registered.
For more information, contact John Buckley, Director of Marketing, 216-766-5679.