MEDINA, Ohio, Oct 15, 2002 /PRNewswire-FirstCall via COMTEX/ -- RPM
International Inc. (NYSE: RPM) announced today that it has completed the
previously disclosed reincorporation of RPM, Inc. from Ohio to Delaware.
Effective today, RPM, Inc. became a subsidiary of RPM International Inc., a
newly formed Delaware holding company. The Delaware reincorporation was approved
by shareholders on October 11, 2002.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010126/RPMLOGO )
As previously indicated, the reincorporation will not result in any change in
the company's business, management, board of directors, or location of the
principal facilities or headquarters of the company. RPM, Inc. will continue to
exist as a wholly owned subsidiary of RPM International Inc.
As a result of the reincorporation, all of RPM, Inc.'s common shares were
automatically converted into an equal number of shares of RPM International Inc.
common stock. RPM shareholders are not required to exchange their shares and RPM
International Inc. stock will continue to trade under the symbol "RPM."
RPM International Inc., a holding company, owns subsidiaries that are world
leaders in specialty coatings serving both industrial and consumer markets.
Industrial products include roofing systems, sealants, corrosion control
coatings, flooring coatings and specialty chemicals. Consumer products are used
by professionals and do-it-yourselfers for home, automotive and boat maintenance
and by hobbyists. Industrial brands include Stonhard, Tremco, Carboline,
Day-Glo, Euco and Dryvit. Consumer brands include Zinsser, Rust- Oleum, DAP,
Varathane, Bondo and Testors.
For more information, contact Glenn R. Hasman, vice president of finance and
communications at (330) 273-8820.
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SOURCE RPM, Inc.
CONTACT: Glenn Hasman of RPM, Inc., +1-330-273-8820
/Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/765075.html
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