MEDINA, Ohio, Feb. 13 /PRNewswire-FirstCall/ -- RPM International Inc. (NYSE: RPM) announced today that its Board of Directors, at a regularly scheduled quarterly meeting on February 12, has authorized the repurchase of up to 10 million shares of Common Stock from time to time over the next 12 months.
Repurchase of shares under this program may be made in the open market or in private transactions at times and in amounts and prices that management deems appropriate. The company may terminate or limit the repurchase program at any time.
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.
SOURCE RPM International Inc.
CONTACT: Glenn R. Hasman, Vice President of Finance and Communications of RPM International Inc., 330-273-8820