People & Business :: Companies
RPM Buys U.K. Specialty Coatings Maker
11:11 AM MDT | July 25, 2007 | Chemical Week Editorial Staff
RPM’s Rust-Oleum (Vernon Hills, IL) business has acquired Tor Coatings (Birtley, U.K.), a maker and marketer of specialty coatings. Financial terms of the deal were not disclosed. Tor has sales of about $45 million/year, and supplies the consumer paint market. The deal will strengthen Rust-Oleum’s coatings presence in the consumer market in the U.K., and will broaden its distribution of industrial and commercial coatings, says RPM president and CEO Frank Sullivan. The deal is RPM’s latest in an effort to build up its European Rust-Oleum...
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