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People & Business :: M&A

RPM acquires tile producer

7:42 AM MDT | September 4, 2013 | Lindsay Frost

RPM has acquired Expanko (Exton, PA)—a producer of terrazzo tile as well as cork and rubber floor tiles for the education, healthcare, hospitality and sports/entertainment commercial markets. Expanko has annual sales of $12 million with manufacturing at Mesquite, TX. Financial terms of the transaction were not disclosed, though RPM says it expects the acquisition to add to earnings within one year. "Expanko is a great fit with other performance coatings group flooring lines and should benefit from greatly enhanced marketing and distribution...

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