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RPM Coatings Buys Flooring Maker

Monday, September 9, 2013

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The parent company of Zinsser, Rust-Oleum and other popular consumer brands is expanding its commercial flooring portfolio with the purchase of Expanko Inc.

Holding company RPM International Inc. announced Tuesday (Sept. 3) that its Performance Coatings Group (PCG) had acquired Expanko, based in Exton, PA.

FritzTile
FritzTile

FritzTile terrazzo tile and other Expanko divisions serve the commercial flooring market.

Expanko Inc. owns Expanko Resilient Flooring, which manufactures a variety of commercial flooring products; and FritzTile, a producer of terrazzo tile.

'A Great Fit'

"Expanko is a great fit with other PCG flooring lines and should benefit from greatly enhanced marketing and distribution opportunities that will further its reach beyond its traditional U.S. East Coast strength," said Frank C. Sullivan, chairman and chief executive officer of Medina, OH-based RPM.

"Expanko will operate as a stand-alone business within PCG and will continue to be led by one of its two owners, Randy Gillespie, and his current management team."

Reztec flooring
Expanko

Expanko's commercial product lines include Reztec recycled rubber flooring (left) and Prestige cork flooring (right).

Terms of the deal, which is expected to be accretive to earnings within one year, were not disclosed.

About the Companies

Founded in 1945, Expanko Resilient Flooring manufactures XCR4 recycled cork and rubber flooring, Reztec recycled rubber flooring, Prestige and Heirloom cork flooring, and Vallarex cork floating floor system. Those lines, as well as FritzTile, serve the education, healthcare, hospitality and sports/entertainment commercial markets.

The company's manufacturing facility is in Mesquite, TX. Expanko has annual sales of more than $12 million, according to RPM.

RPM owns specialty coatings, sealants, building materials and related services serving both industrial and consumer markets. Its industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. The company's many brands also include Stonhard, Carboline and Tremco.

   

Tagged categories: Acquisitions; Flooring system; Floors; Green building; RPM

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