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RPM acquires concrete coatings maker

1:04 PM MST | January 22, 2014 | Lindsay Frost

RPM has acquired Citadel Restoration and Repair (St. Paul, MN), a producer and marketer of premium concrete and wood deck floor coatings for the professional contractor and do-it-yourself (DIY) markets. The company has annual sales of $10 million. Financial terms of the agreement were not disclosed. "Citadel has an outstanding technology platform that we believe can be rapidly expanded in the marketplace by utilizing Rust-oleum's marketing and distribution expertise," says Frank Sullivan, RPM chairman and CEO. "Patrick Ilfrey, majority owner...

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