RIW: GCP Applied Technologies Acquires R.I.W. Limited

CAMBRIDGE, Mass., May 08, 2018 (GLOBE NEWSWIRE) -- GCP Applied Technologies Inc. (NYSE:GCP) announced today that it has acquired U.K.-based R.I.W. Limited ("R.I.W."), a supplier of waterproofing products, for approximately $30 million. The company provides products for commercial and residential construction applications and generates annual net sales of approximately $10 million with margins that are consistent with GCP's Specialty Building Materials segment.R.I.W. offers a range of waterproofing solutions for application above and below ground level. Products include liquid, sheet and cementitious systems and structural drainage systems. The company has a strong reputation in the market based on its long history of technical service and design support for architecturally-specified projects in the U.K. "R.I.W. complements our product portfolio by adding waterproofing capabilities for a wider range of projects," said GCP President and Chief Executive Officer Gregory E. Poling. "The company also aligns with our technical and systems approach to selling. We look forward to working with the team at R.I.W. to leverage GCP's distribution channels to further expand our penetration of waterproofing projects in the U.K."About GCP Applied TechnologiesGCP is ...Full story available on Benzinga.com