MEDINA, Ohio, July 28 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) today announced the opening of RPM Europe SA, a new European
development office, located in Waterloo, Belgium, which will act on behalf of
the corporate office in the United States.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010126/RPMLOGO )
RPM Europe SA will principally be looking to increase RPM's presence in
Europe by seeking and working with local businesses and manufacturing
companies interested in joining the RPM family. In addition, it will provide
a marketing support function for all non-European RPM companies in their
efforts to broaden market penetration of their exported product lines
throughout Europe. RPM Europe SA will also be implementing on a pan-European
basis many of the successful North American programs that have allowed RPM
companies to gain cost savings by better utilizing their scale economies and
purchasing leverage, such as raw material sourcing. This office will further
look to identify and implement administrative efficiencies, such as through
treasury and cash management.
RPM Europe SA will operate under the direction of Ulf S. Eriksson,
president, and Anthony Biela, Vice President of Administration.
RPM International Inc., a holding company, owns subsidiaries that are
world leaders in specialty coatings serving both industrial and consumer
markets. RPM's industrial products include roofing systems, sealants,
corrosion control coatings, flooring coatings and specialty chemicals. RPM's
consumer products are used by professionals and do-it-yourselfers for home
maintenance and improvement, automotive and boat repair and 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.