Download the
RPM Investor App
Sun Sun

News Release


Printer Friendly Version

RPM's StonCor Group Acquires Star Maling

      Acquisition Expands Industrial and Marine Coatings Business in the
                             Scandinavian Region

MEDINA, Ohio, Sept. 25 /PRNewswire-FirstCall/ -- RPM International Inc. (NYSE: RPM) announced today that its subsidiary, StonCor Group ("StonCor") acquired Star Maling ("Star Maling"), which consists of three divisions: Star Maling, Carboline Marine and Carboline Norge. Star is a leading manufacturer and marketer of specialty coatings for industrial and offshore/marine applications in the Scandinavia, and has been an RPM joint venture partner since 1972. Terms were not disclosed.

Star Maling, based in Lier, Norway, manufactures specialty coatings under the Star Maling and Carboline brands, offering a wide variety of coatings solutions predominately in the petrochemical, offshore drilling, and marine markets.

Star Maling has annual sales of approximately $30 million and complements StonCor Group's European initiatives to improve the technical capacity and expertise of the Carboline-Europe organization, as well as to expand the range of customized coating solutions for harsh environmental conditions.

"Star Maling has been an outstanding partner for more than three decades," said David Reif, StonCor's President. "The Star acquisition is essential to expand and strengthen Carboline's global presence and support of multinational customers. Additionally, this acquisition will expand the distribution of our Stonhard and Fibergrate product lines into the Scandinavian market. The entire team is looking forward to working more directly with our long-time partners to service our clients and solve the toughest coatings problems."

RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings and sealants serving both industrial and consumer markets. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial brands include Stonhard, Tremco, illbruck, Carboline, Day-Glo, Euco, and Dryvit. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement, automotive and boat repair and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane, Bondo, and Testors.

For more information, contact P. Kelly Tompkins, executive vice president and chief administrative officer, at 330-273-5090 or ktompkins@rpminc.com.

This press release contains "forward-looking statements" relating to the business of the company. These forward-looking statements, or other statements made by the company, are made based on management's expectations and beliefs concerning future events impacting the company and are subject to uncertainties and factors which are difficult to predict and, in many instances, are beyond the control of the company. As a result, actual results of the company could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include, but are not limited to, the risk factors set forth in the company's Annual Report on Form 10-K for the year ended May 31, 2007, as the same may be updated from time to time. The company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

SOURCE RPM International Inc.
CONTACT: P. Kelly Tompkins, executive vice president and chief
administrative officer of RPM International Inc., 1-330-273-5090,
ktompkins@rpminc.com
Web site: http://www.rpminc.com
(RPM)


©2017 RPM International Inc. Terms of Use | Privacy Policy 2628 Pearl Road - P.O. Box 777 - Medina, Ohio 44258 | Phone: 330.273.5090 | Email: info@RPMinc.com