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Slide #86. RPM International Inc. — Synta Wood Deck And Concrete Restoration Business
Acquirer:
RPM International Inc. (NYSE:RPM)
Acquiree:
Synta Wood Deck And Concrete Restoration Business
Details:
RPM International Inc. announced that its Rust-Oleum Group has acquired Synta Inc., a producer and marketer of innovative exterior wood deck and concrete restoration systems. Based in Clarkston, GA, Synta's annual sales are anticipated to exceed $40 million in the first year. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
RPM International, through its subsidiaries, manufactures, markets and sells various chemical product lines. Co.'s reportable segments are: the Construction Products Group, which provides construction sealants and adhesives, coatings and chemicals, roofing systems, concrete admixture and repair products, among others; Performance Coatings Group, which provides flooring solutions, corrosion control and fireproofing coatings, among others; Consumer Group, which provides paints, caulks, sealants, and other consumer products; and Specialty Products Group, which provides industrial cleaners, restoration services equipment, colorants, and other original equipment manufacturer coatings.
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Buy (2.85 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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