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Slide #81. RPM International Inc. — Citadel Floor Coatings Business
RPM International Inc. (NYSE:RPM)
Citadel Floor Coatings Business
RPM International Inc. (NYSE: RPM) announced today that its Rust-Oleum Group has acquired Citadel Restoration and Repair, Inc., a producer and marketer of premium concrete and wood deck floor coatings for both the professional contractor and do-it-yourself (DIY) markets. Based in North St. Paul, Minnesota, Citadel has annual sales of approximately $10 million. Terms of the transaction, which are expected to be accretive to earnings within one year, were not disclosed.
RPM International manufactures, markets and sells various chemical product lines, including paints, infrastructure rehab and repair products, protective coatings, roofing systems, sealants and adhesives. Co.'s segments include: industrial, which includes maintenance and protection products and services for roofing and waterproofing systems; specialty, which includes industrial cleaners, restoration services equipment, colorants, exterior finishes, edible coatings and other coatings; and consumer, which includes rust-preventative, special purpose and decorative paints, caulks, sealants, primers, nail enamels, cement cleaners, floor sealers and woodcare coatings and other consumer products.
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Buy (3.08 out of 4)
(ranked lower than approx. 55% of all stocks covered)
Based on Zacks ABR data;
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