Press Release GCP Applied Technologies acquire StirlingLloyd
MANCHESTER, UNITED KINGDOM � Seale & Associates, Inc. announced that it acted as exclusive financial advisor to GCP Applied Technologies Inc. (NYSE:GCP), a leading global provider of specialty building materials and chemicals, on its acquisition of UK-based Stirling Lloyd, a supplier of high-performance liquid waterproofing and coatings products for $94 million. Stirling Lloyd generates annual net sales of approximately $40 million.
�We are pleased to have had the opportunity to work with GCP on this transaction and to help expand their platform of infrastructure and repair/renovation specialty chemicals,� said Tom Clancy, Vice President at Seale & Associates.
GCP Applied Technologies, headquartered in Cambridge, Massachusetts, is a leading global provider of products and technology solutions for customers in the specialty construction chemicals, specialty building materials, and packaging sealants and coatings industries. The company�s products help improve the performance of customers� building and infrastructure materials, increase productivity in their application of manufacturing processes, and meet the increasing regulatory requirements impacting their industry. GCP has approximately 3,000 employees worldwide and serves customers in more than 110 countries.
Stirling Lloyd is a pioneer in the development and implementation of cold, spray applied waterproofing systems. The company is best known for its ELIMINATOR�, INTEGRITANK�, and DECSEAL� brands. These waterproofing membranes and coatings are used for the protection of infrastructure and buildings. Stirling Lloyd�s products and customer relationships will offer GCP additional selling channels in targeting specialized end-market applications such as for bridges, tunnels, car parks, and for asphalt repair.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients� most complex dealings.