TMP Convert: Landmark Sale to RPM International
Deal News | Nov 13, 2024 | Bryan Cave Leighton Paisner LLP
Bryan Cave Leighton Paisner LLP (BCLP) has successfully advised the founders of TMP Convert SAS in the sale of their company to RPM International Inc. TMP Convert, a seasoned entity with a 60-year legacy in manufacturing products from recycled raw materials, caters to the landscaping industry under its brands, Jouplast and Ocape. From its base in Simandre-sur-Suran, TMP Convert will now transition under the ownership of RPM International, a company renowned for its building materials and listed on the NYSE. The strategic acquisition aligns with RPM's intent to bolster its Fibergrate Structures business. BCLP's legal advisory team for TMP Convert comprised Partner George Rigo and Senior Associate Paul Ast, who navigated the commercial and corporate intricacies of this transaction.
Sectors
- Building Materials
- Recycling
- Landscaping Products
Geography
- France – TMP Convert SAS is based in Simandre-sur-Suran, France.
- United States – RPM International Inc is a U.S.-based company and listed on the New York Stock Exchange.
Industry
- Building Materials – RPM International Inc is engaged in the building materials industry, particularly through its Fibergrate Structures business.
- Recycling – TMP Convert SAS focuses on the processing of recycled raw materials, primarily for the landscaping sector.
- Landscaping Products – TMP Convert operates under the Jouplast brand for outdoor landscaping products.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TMP Convert SAS | Target | Company | A company that processes recycled raw materials for the landscaping industry. |
| RPM International Inc | Buyer | Company | A building materials company listed on the New York Stock Exchange. |
| Bryan Cave Leighton Paisner LLP | Legal advisor | Company | Advised TMP Convert's founders on the sale's transactional and corporate aspects. |
| George Rigo | Partner at BCLP | Person | Lead partner advising on the sale. |
| Paul Ast | Senior Associate at BCLP | Person | Senior associate involved in advising on the sale. |