- RPM Global Holdings (RUL) to buy Blueprint Environmental Strategies for $3.5 million
- Blueprint is an environmental social and governance (ESG) services company, providing services to the mining industry
- The purchase is an important step for RPM to grow its ESG team and capabilities
- RPM is expecting the purchase to be completed by the end of the month
- On the market today, RPM is down 0.54 per cent and trading at $1.86 per share at 2:16 pm AEST
RPM Global Holdings (RUL) has entered into a share purchase agreement to buy Blueprint Environmental Strategies.
Blueprint is an environmental social and governance (ESG) services company headquartered in Perth. It works closely with companies in the mining industry to provide ESG services.
The purchase is an important step for RPM to grow its ESG team and capabilities.
RPM will pay around $3.5 million for Blueprint, which includes $2 million in cash, shares worth $1 million worth and $500,000 in working capital adjustment.
The purchase is expected to be completed on September 30.
Founder of Blueprint, Siobhan Pelliccia, is pleased with her team she has established.
“I am proud of the business my team and I have established and am excited for the opportunities this acquisition will offer our clients and team, by merging with an outstanding group of technical specialists as part of a global company,” Ms Pelliccia said.
“RPM has the people and technology to take the environmental strategies that we deliver to a new level, helping our clients rise to the challenge of sustainable development, to meet the expectations of both their investors and the communities in which they operate.”
RPM CEO and Managing Director, Richard Mathews, commented on the purchase.
“When we first met Siobhan and the key members of the Blueprint team we were immediately impressed with the dedication and professionalism they demonstrate in everything they deliver to their loyal customer base,” he said.
“Their deep domain knowledge, in particular of metals projects and clients in Western Australia, coupled with their shared passion for delivering quality services and supporting mining clients on their ESG journey has made them very successful and I am confident as part of the RPM team Blueprint will continue to grow.”
On the market today, RPM is down 0.54 per cent and trading at $1.86 per share at 2:16 pm AEST.