By Matt Griswold, Plastics News
Medina, Ohio - US holding company RPM International has acquired Sandbach, UK-based Flowcrete Group for an undisclosed sum.
Flowcrete manufactures resin flooring systems, including polyurethane types, predominantly for commercial applications
RPM - in Medina, Ohio - already owns Maple Shade, New Jersey-based Stonhard, which also makes resin flooring systems, mostly for industrial applications.
The two businesses will complement each other, and will be able to share certain technologies, said Kelly Tompkins, RPM executive vice president and chief administrative officer.
Tompkins said: "This is a strategic complement to the Stonhard business."
He added: "Flowcrete is a slightly different technology. The other major driver of this acquisition was geography. It gives us a broader reach, particularly into the Asia-Pacific regions. Flowcrete is almost entirely in Europe and Asia Pacific.
"It gives us a more significant presence in some emerging geographic markets that are very attractive."
Flowcrete employs more than 300 worldwide and has eight plants, according to its website. The firm has annual sales of about $85million, RPM said.
The flooring systems are sold to applicators and contractors under several brand names, including Flowcrete, Flowfresh, Isocrete, Deckshield and Mondeco. The floors typically are used in manufacturing plants, stadiums, schools, hospitals, parking decks and other industrial and commercial environments.
RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Its consumer products are used for home and boat maintenance. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane and Testors.