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RPM Buys SPS Group, a Decorative and Specialty Coatings Company

Published on 2016-12-28. Author : SpecialChem

MEDINA, Ohio -- RPM International has announced that it has signed an agreement to acquire SPS Group (SPS), a Dutch decorative and specialty coatings company with annual net sales of approximately USD 60 million. Located about an hour south of Amsterdam in 's-Hertogenbosch, the Netherlands, SPS will operate as part of RPM's Rust-Oleum European business. Terms of the transaction were not disclosed. It is expected to be accretive to earnings within one year, excluding one-time costs.

SPS to Operate as Part of RPM's Rust-Oleum European Business

Decorative coatings
RPM Buys SPS Group, a Decorative and
Specialty Coatings Company

SPS offers a complete line of 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.

"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," stated Frank C. Sullivan, RPM chairman and chief executive officer. "It will also allow the existing customer base of SPS to benefit from Rust-Oleum technologies and innovations."

About SPS Group

SPS Group is a Dutch decorative and specialty coatings company with annual net sales of approximately USD 60 million.

About RPM

RPM International Inc. owns subsidiaries that deal in specialty coatings, sealants, building materials and related services across three segments. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and other construction chemicals. Industrial companies include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Euclid Chemical and RPM Belgium Vandex. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors. RPM's specialty products include industrial cleaners, colorants, exterior finishes, specialty OEM coatings, edible coatings, restoration services equipment and specialty glazes for the pharmaceutical and food industries. Specialty segment companies include Day-Glo, Dryvit, RPM Wood Finishes, Mantrose-Haeuser, Legend Brands, Kop-Coat and TCI.  

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Source: RPM
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