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Stock impact report

RPM Purchases Texas Manufacturing Plant to Meet Customer Demand and Enhance Operational Efficiencies

RPM International Inc. (RPM) 
Last rpm international inc. earnings: 4/8 06:45 am Check Earnings Report
US:NYSE Investor Relations: rpminc.com/investor-information
Company Research Source: Business Wire
MEDINA, Ohio--(BUSINESS WIRE)--RPM International Inc. (NYSE: RPM) today announced it has procured a 178,000-square-foot chemical manufacturing facility located on 120 acres in Corsicana, Texas. It was purchased from ChampionX Corporation (NASDAQ: CHX) for an undisclosed amount.The facility will be repurposed to act as a manufacturing campus for a number of RPM’s operating companies, providing multiple opportunities for expansion to meet customer demand and strengthen its supply chain. It will be owned and operated by RPM’s Tremco Construction Products Group.“The addition of the Corsicana plant allows us to expand production of several of our high-growth product lines while also streamlining our manufacturing processes and creating efficiencies,” stated Frank C. Sullivan, RPM chairman and CEO.In addition to acquiring the land, facility and equipment at the Corsicana plant, Tremco Construction Products Group also intends to hire the plant’s more than 80 existing employees, with plan Show less Read more
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