RPM's Euclid Chemical Company Acquires Synthetic Fiber Manufacturer

RPM International Inc. RPM today announced that its subsidiary, The Euclid Chemical Company, has acquired PSI Packaging, Inc., a producer of micro- and macro-fibers for the ready-mixed and pre-cast concrete market. With headquarters and manufacturing located in LaFayette, GA, PSI has annual sales of approximately $6 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.