Coatings Industry News

Main News Page


RPM Adds to Rust-Oleum Europe

Wednesday, January 4, 2017

Comment | More

RPM International Inc., the parent company of Rust-Oleum, has announced a deal to acquire SPS Group (SPS), a Dutch decorative and specialty coatings company.

Terms of the transaction, announced Dec. 21, were not disclosed.

RPM International
RPM International

RPM International, based in Medina, OH, is the parent company of Rust-Oleum, Carboline, Tremco and dozens of other coating, sealant and chemical brands.

Based in Hertogenbosch, the Netherlands, SPS has annual net sales of approximately $60 million.

SPS produces topcoats for interior and exterior walls, primers, lacquers, floor and roof coatings, metal coatings, wood stains and finishes, plasters and more. Its major customers are large home center chains and builder merchants based in the Netherlands. Its products are used by painters, plasterers, industry and do-it-yourselfers.

Under the deal, SPS will operate as part of RPM’s Rust-Oleum European business.

"By leveraging the manufacturing and distribution strengths of SPS, we expect this acquisition to accelerate Rust-Oleum's growth in the Netherlands and other nearby European countries," said Frank C. Sullivan, RPM chairman and CEO. "It will also allow the existing customer base of SPS to benefit from Rust-Oleum technologies and innovations."

The transaction is expected to be accretive to earnings within one year, excluding one-time costs, according to RPM.

   

Tagged categories: Acquisitions; Business matters; Coatings manufacturers; Decorative Finishes; Decorative painting; Europe; RPM; Rust-Oleum Corp.

Comment Join the Conversation:

Sign in to our community to add your comments.


Advertisements
 
Mitsubishi Gas Chemical America

 
Tarps manufacturing, Inc.

 
HoldTight Solutions Inc.

 
RCG America

 
Sauereisen, Inc.

 
Fischer Technology Inc.

 
DeFelsko Corporation

 
Induron Coatings, Inc.

 
SABRE Autonomous Solutions

 
KTA-Tator, Inc. - Corporate Office

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us