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RPM Acquires Flooring-Systems Maker Hummervoll

Friday, June 11, 2010

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RPM International Inc.’s Performance Coatings Group has acquired Hummervoll Industribelegg AS, a supplier and installer of industrial flooring systems based in Bergen, Norway, with annual sales of more than $11 million.

Terms of the transaction were not disclosed. RPM said the acquired business is expected to contribute to earnings within one year.

Hummervoll, established in 1980 by Per Hummervoll, sells concrete- and epoxy-based flooring systems to both domestic and overseas markets. The company’s domestic division primarily focuses on the food, manufacturing, and chemical industries; the export division is a supplier of flooring solutions for oil platforms, barricade decks, and emergency escape routes.

Frank C. Sullivan, RPM chairman and CEO, said the acquisition “broadens our presence in Scandinavia by expanding our overall product line, sales force, installation teams, and customer base.”

   

Tagged categories: Acquisitions; Coatings manufacturers; Floor coatings; Mergers; RPM

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