MEDINA, Ohio, March 3, 2016 /PRNewswire/ -- RPM
International Inc. (NYSE: RPM) today announced that its Rust-Oleum
Corporation subsidiary has acquired Seal-Krete, a leading U.S.
manufacturer of concrete care coatings and sealants for the retail
market with annual net sales in excess of $10 million. Terms of the transaction, which is
expected to be accretive to earnings within one year, were not
disclosed.
Seal-Krete, formerly a division of Clayton Valve, manufactures a
complete line of priming, painting, sealing and finishing products
for maintaining and decorating concrete, masonry, brick and pavers.
Its products are sold primarily through home improvement centers,
as well as through independent hardware and paint stores. Among its
leading brands are Seal-Krete® Original, Damplock®, Epoxy-Seal and
Clear-Seal.
"The acquisition of Seal-Krete expands Rust-Oleum's range of
concrete care products. Complementing our existing EpoxyShield and
RockSolid lines, Seal-Krete will allow us to offer a complete
one-stop-shop for concrete care," stated Frank C. Sullivan, RPM chairman and chief
executive officer. "We expect to grow Seal-Krete by leveraging its
products across the Rust-Oleum distribution network."
About RPM
RPM International Inc. owns subsidiaries
that are world leaders in specialty coatings, sealants, building
materials and related services across three segments. RPM's
industrial products include roofing systems, sealants, corrosion
control coatings, flooring coatings and other construction
chemicals. Industrial companies include Stonhard, Tremco, illbruck,
Carboline, Flowcrete, and Euclid Chemical. RPM's consumer products
are used by professionals and do-it-yourselfers for home
maintenance and improvement and by hobbyists. Consumer brands
include Rust-Oleum, DAP, Zinsser, Varathane and Testors. RPM's
specialty products include industrial cleaners, colorants, exterior
finishes, specialty OEM coatings, edible coatings, restoration
services equipment and specialty glazes for the pharmaceutical and
food industries. Specialty segment companies include Day-Glo,
Dryvit, RPM Wood Finishes, Mantrose-Haeuser, RPM Belgium, Legend
Brands, Kop-Coat, and TCI. Additional details can be found at
www.rpminc.com and by following RPM on Twitter at
www.twitter.com/RPMintl.
For more information, contact Barry M.
Slifstein, vice president – investor relations, at
330-273-5090 or bslifstein@rpminc.com.
This press release contains "forward-looking statements"
relating to our business. These forward-looking statements, or
other statements made by us, are made based on our expectations and
beliefs concerning future events impacting us, and are subject to
uncertainties and factors (including those specified below) which
are difficult to predict and, in many instances, are beyond our
control. As a result, our actual results could differ materially
from those expressed in or implied by any such forward-looking
statements. These uncertainties and factors include (a) global
markets and general economic conditions, including uncertainties
surrounding the volatility in financial markets, the availability
of capital and the effect of changes in interest rates, and the
viability of banks and other financial institutions; (b) the
prices, supply and capacity of raw materials, including assorted
pigments, resins, solvents and other natural gas- and oil-based
materials; packaging, including plastic containers; and
transportation services, including fuel surcharges; (c) continued
growth in demand for our products; (d) legal, environmental and
litigation risks inherent in our construction and chemicals
businesses and risks related to the adequacy of our insurance
coverage for such matters; (e) the effect of changes in interest
rates; (f) the effect of fluctuations in currency exchange rates
upon our foreign operations; (g) the effect of non-currency risks
of investing in and conducting operations in foreign countries,
including those relating to domestic and international political,
social, economic and regulatory factors; (h) risks and
uncertainties associated with our ongoing acquisition and
divestiture activities; (i) risks related to the adequacy of our
contingent liability reserves; and (j) other risks detailed in our
filings with the Securities and Exchange Commission, including the
risk factors set forth in our Annual Report on Form 10-K for the
year ended May 31, 2015, as the same may be updated from time to
time. We do not undertake any obligation to publicly update or
revise any forward-looking statements to reflect future events,
information or circumstances that arise after the date of this
release.
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SOURCE RPM International Inc.