Durability + Design
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

D+D News

Main News Page


RPM Adds to Rust-Oleum Europe

Wednesday, January 4, 2017

More items for Decorative Finishes

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 painting; RPM; Rust-Oleum Corp.

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Novatek Corporation
 
Novatek Portable Air Filtration Systems
 
Air Scrubbers/Negative Air machines for restoration, abatement, dust & odor control, hazardous contaminant removal from job sites to clean rooms and hospitals. Portable, affordable!
 

 
PPG Paints
 
PPG PAINTS® 2017 Color of the Year
 
Find Your Color Inspiration. Introducing Violet Verbena, a grayed-off, moody purple that was carefully chosen as PPG’s 2017 Color of the Year by our team of unrivaled color experts.
 

 
LATICRETE International, Inc.
 
SPARTACOTE Flex PURE Clinical Plus Coatings
 
Equipped with antimicrobial technology, fast-cure systems and high-traction features. Ideal for demanding environments. Customizable colors and textures.
 

 
Atlas Material Testing Technology
 
Helping You Put Your Products To The Test
 
  • Outdoor Accelerated Weathering
  • Laboratory Testing Services
  • Accelerated Weathering Instruments

  • www.atlas-mts.com
    atlas.info@ametek.com
 

 
KTA-Tator, Inc. - Corporate Office
 
KTA Inspection Instruments
 
Eliminate Application Uncertainties:
• Moisture Content
• Ambient Conditions
• Surface Preparation
• Coating Thickness
Call 1-800-KTA-GAGE
(800-582-4243)
 

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

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


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 

© Copyright 2012-2017, Technology Publishing Co., All rights reserved