RPM Acquires Coating Company


RPM International Inc. (Medina, Ohio) has announced its latest acquisition—Key Resin Company, a manufacturer of polymer flooring and coating systems.

Key Resin (Batavia, Ohio) will become part of RPM’s Euclid Group, with its reported net sales of $25 million per year. While the terms of the transaction have not been disclosed, it is expected to be accretive to earnings within one year.

Key Resin produces and markets wall coating systems, terrazzo flooring and resinous flooring, maintenance products and concrete repair materials for industrial, institutional and commercial applications. The company focuses on serving the North American market, and sells directly to contractors and facility owners alike.

Key Resin will be run by Jeff Cain, the second generation of family involvement in the business, along with his management team. This follows the company’s established reputation for keeping company owners involved after the sale has been completed.

The Euclid Group manufactures specialty chemical products for both global construction and engineering industries. Its collective product portfolio includes concrete sealers, sealants, protective coatings, flooring systems, waterproofing membranes and a number of other construction products.

“Key Resin fits right within our sweet spot for acquisitions. It’s a well-run, family-founded specialty coatings business that is a market leader,” Frank C. Sullivan, RPM chairman and chief executive officer, said in a statement.

“This transaction expands our Euclid Group’s flooring systems product offering and market share in North America, and positions it as a significant player in terrazzo flooring.”

RPM has reported $5 billion in annual sales.


Tagged categories: Acquisitions; Good Technical Practice; Key Resin; Mergers; North America; RPM

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