RPM's Rust-Oleum acquires Watco Group

RPM's Rust-Oleum acquires Watco Group

RPM International Inc. announced that its subsidiary, Rust-Oleum Corporation,has acquired the Watco Group, based in Godalming, UK. Terms were not disclosed. Watco has an 80-year history as a manufacturer and marketer of industrial coatings, as well as being a supplier of concrete floor coatings in the UK. Watco has annual sales of approximately USD 20 million and is expected to be accretive to earnings within the year. Rust-Oleum, based in Vernon Hills, IL, is a provider of specialty coatings used in both home and industry. “We have expanded our technology base as well as gained a new channel of distribution for Rust- Oleum's vast array of industrial coatings,” said Frank C. Sullivan,RPM President and CEO. “This is consistent with RPM's ongoing plan to acquire synergistic product lines and businesses for our operating companies.”