The South Korean adhesive manufacturer will locate its first U.S. facility in Tennessee, investing $30 million in the city of Morrison in Warren County.
Despite achieving a record fiscal year adjusted EBITDA margin of 16.5%, the results were mixed for both the fourth quarter and all of 2023, but a positive outlook remains.
The first shared R&D center for RPM, the facility is designed to foster partnership and harness collective expertise among RPM companies to accelerate innovation.