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2008 Annual Report

RPM INTERNATIONAL INC.
2008 ANNUAL REPORT

ACQUISITION NEWS



RPM 'Seals' Deals

Coatings and Sealants Company Completes
Nine Acquisitions During FY08

Key Fiscal-Year 2008 Acquisitions

Increte Systems (United States)

Date Acquired: March 11, 2008
Sales: $15 million

Flowcrete Group (United Kingdom)

Date Acquired: April 7, 2008
Sales: $85 million

Star Maling Group (Norway)

Date Acquired: September 25, 2007
Sales: $30 million

Productos Cave S.A. (Chile)

Date Acquired: December 6, 2007
Sales: $6 Million

Finnaren & Haley (United States)
(marine and industrial assets)

Date Acquired: June 1, 2007
Sales: $10 million

Prosytec SAS (France)

Date Acquired: March 5, 2008
Sales: $39 million

August 20, 2008 – Cleveland, OH – Acquisitions are a key component of RPM’s business strategy and typically are expected to generate about half of the company’s annual sales growth. Over the past 10 years, RPM has acquired more than 44 businesses. During fiscal 2008, RPM kept up the rapid pace and acquired nine companies generating $200 million in combined sales. Six were of businesses outside North America, which will further expand RPM’s global footprint.

As the domestic economy cools, this is an important strategic move that will help sustain the company’s consistent growth.

  1. Increte Solidifies Bond with Euclid Chemical• Increte, as the leading U.S. manufacturer of decorative concrete systems, is expected to solidify a strong bond within The Euclid Chemical Company, a manufacturer of concrete admixtures and a wholly owned subsidiary of RPM. Increte’s concrete systems economically recreate the look of natural stone, wood, tile, brick and pavers. One current project is Visitor Experience at the Cliffs of Moher, Ireland’s top tourist attraction.
  2. Flowcrete Floors Its Customers • Flowcrete serves “the world at your feet” with a wide range of decorative and high-performance resin flooring systems. Sold to applicators, contractors and end users, its products are predominately used in manufacturing plants, stadiums, schools, hospitals, parking decks and other industrial or commercial environments that require lasting, decorative seamless systems. Based in England, Flowcrete has grown aggressively in Europe and Asia. Among its recent applications is an epoxy terrazzo floor at the heavily trafficked Disneyland Hong Kong, which annually entertains millions of visitors.
  3. Star Maling Sets Sail with Carboline • A joint venture partner since 1972, Star Maling was acquired by RPM’s StonCor Group and will be complementary to its Carboline corrosion coatings business. Star Maling is a leading manufacturer and marketer of specialty coatings for industrial and offshore/marine applications in Scandinavia. It offers coatings solutions predominately for the petrochemical, offshore drilling and marine markets. The Star Maling acquisition expands the range of Carboline’s customized coating solutions for harsh environmental conditions and strengthens its global presence and support of multinational customers. Additionally, it will complement the technical capacity and expertise of StonCor Group’s European organization and broaden the distribution of its Stonhard and Fibergrate product lines into the Scandinavian market.
  4. Latin American Reach Expanded by Productos Cave • Productos Cave S.A., headquartered in Santiago, Chile, is a premier manufacturer of high-performance restoration, waterproofing and concrete admixture products for various segments of the concrete and masonry construction industry. Acquired by Euclid Chemical, Productos Cave expands Euclid’s geographic reach throughout Latin America and complements its other operations in Mexico, Colombia and Central America. Currently under way is the application of Productos Cave’s products to the Osorno Hotel and Casino, a 700,000-square-foot project being constructed in southern Chile.
  5. Carboline Lands F&H Marine and Industrial Assets • Carboline strengthened its position as a leading supplier of specialty marine coatings with the acquisition of the marine and industrial assets of Finnaren & Haley. Its products are sold throughout the U.S. and internationally, and consist of a full line of new construction and maintenance coatings for tug boats, barges, work boats, U.S. government vessels and other shipyard customers. With the acquisition of Finnaren & Haley’s marine and industrial assets, Carboline further expands its product line and sales organization serving national marine owners and shipyards.
  6. Tremco illbruck Seals Prosytec Deal • Tremco illbruck International, the European operating platform of RPM’s Tremco business, purchased Prosytec SAS from a subsidiary of Goodrich Corporation. Prosytec, a leading provider of sealants for the construction and window assembly markets in southern and eastern Europe, is headquartered in Paris. It had been a long-time partner of Tremco and served major European markets under a licensing arrangement since 1997. One marquee project is the structural silicone on the glass pyramids at the world-renowned Louvre Museum in Paris. The addition of Prosytec enhances Tremco’s already strong sealants business in Europe.