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LONDON, UK / ACCESSWIRE / May 10, 2018 / If you want access to our free research report on GCP Applied Technologies Inc. (NYSE: GCP) ("GCP"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GCP as the Company's latest news hit the wire. On May 08, 2018, the Company declared that it has acquired UK-based R.I.W. Ltd, a supplier of waterproofing products, for approximately $30 million. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, GCP Applied Technologies most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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R.I.W. 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. Complements GCP's Product Portfolio by Adding Waterproofing Capabilities for a Wider Range of Projects

Commenting on the acquisition, Gregory E. Poling, President and Chief Executive Officer (CEO) of GCP, stated that R.I.W. complements GCP's product portfolio by adding waterproofing capabilities for a wider range of projects. The Company also aligns with GCP's technical and systems approach to selling. Poling further added that GCP looks forward to working with the team at R.I.W. to leverage GCP's distribution channels to further expand the Company's penetration of waterproofing projects in the UK.

GCP's Last Acquisition Agreement

In December 2017, the Company completed the acquisition of the quality control assets and related intellectual property of Contek Shilstone Inc. ("Contek"). The Montreal, Canada-based technology firm had a prominent position in quality control software used in the ready-mix concrete industry. The financial terms of the deal were not disclosed. Contek's technology complements and enhances GCP's VERIFI® In-transit Concrete Management System, which uses sensors installed on ready-mix trucks to produce real-time monitoring data of concrete properties while in-transit.

The combination of Contek's quality control software and GCP's technologies offers customers visibility into batch plant-to-jobsite performance metrics. These data insights and analytics equip concrete producers with valuable information to help improve concrete quality, save time, and reduce costs.

GCP Reported First Quarter 2018 Results

On May 08, 2018, the Company also reported its financial results for the first quarter of the fiscal year 2018 (Q1 FY18). GCP had strong sales in Q1 FY18; rising 11% due to healthy global construction markets, contributions from the Company's acquisitions, and the positive impact of foreign exchange. The Company's adjusted earnings before interest and taxes (EBIT) grew 20% on higher sales volume and savings from the Company's restructuring program. GCP's gross margin was negatively impacted by higher inflation. The Company started to see the positive impact of price late in the quarter, and expect this trend to continue through 2018.

About R.I.W. Ltd

Based in Binfield, UK, R.I.W. offers a range of waterproofing solutions for application above and below ground level. The Company's products include liquid, sheet, and cementitious systems and structural drainage systems. R.I.W. has a strong reputation in the market based on its long history of technical service and design support for architecturally-specified projects in the UK.

About GCP Applied Technologies Inc.

Founded in 2016 and headquartered in Cambridge, Massachusetts, GCP is a leading global provider of construction products technologies. The Company's portfolio of construction products includes concrete and cement additives, building materials, and technologies that ensure specified quality and enhance business productivity.

Stock Performance Snapshot

May 09, 2018 - At Wednesday's closing bell, GCP Applied Technologies' stock marginally dropped 0.85%, ending the trading session at $29.00.

Volume traded for the day: 561.73 thousand shares.

After yesterday's close, GCP Applied Technologies' market cap was at $2.10 billion.

The stock is part of the Basic Materials sector, categorized under the Specialty Chemicals industry. This sector was up 2.2% at the end of the session.

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