MEDINA, Ohio, June 6, 2005 /PRNewswire-FirstCall via COMTEX/ -- RPM International Inc.
(NYSE: RPM) announced today that its wholly owned subsidiary, Carboline
Company ("Carboline"), has acquired AD Fire Protection Systems ("AD Fire"), an
international provider of fireproofing products for the protection of
structural steel. AD Fire has annual sales of approximately CDN $18 million.
AD Fire, based in Toronto, Canada, with manufacturing and sales offices
strategically located throughout North America, is a leader in specialty
architectural fireproofing materials. The products range from water-based
intumescent fireproofing for exposed architectural steel, light and heavy
weight cementitious fireproofing for concealed structural steel and fire-
stopping materials for wall and floor penetrations. AD Fire's FIREFILM II
intumescent coating is a leading fireproofing product in North America.
Carboline, a world leader in high performance coatings and lining systems,
provides a comprehensive line of products for the protection of steel and
concrete substrates from corrosion and fire damage. Carboline's products are
widely used by specialty coatings applicators in the commercial and industrial
markets including bridge and highway, petrochemical, water and wastewater
treatment, general manufacturing, rail, pulp and paper, power,
pipelines/terminals, and other markets where long-term asset protection is a
high priority. Carboline serves these markets with an international sales
force working directly with specialty applicators/contractors, facility
owners, engineers, architects, and manufacturers.
Mr. Richard M. Wilson, president of Carboline, said: "With the acquisition
of AD Fire Protection Systems, Carboline will improve its competitive
advantage in the commercial fireproofing market to complement its position in
the heavy duty, industrial fireproofing segment. The combined product
offering represents the best solution to all segments of the fireproofing
market, consistent with Carboline's long-term product development strategy.
AD Fire will also strengthen Carboline's position with specialty coatings and
RPM International Inc., a holding company, owns subsidiaries that are
world leaders in specialty coatings and sealants serving both industrial and
consumer markets. RPM's industrial products include roofing systems,
sealants, corrosion control coatings, flooring coatings and specialty
chemicals. Industrial brands include Carboline, Tremco, Stonhard, Day-Glo,
Euco and Dryvit. 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. 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 or email@example.com.
This press release contains "forward-looking statements" relating to the
business of the company. These forward-looking statements, or other
statements made by the company, are made based on management's expectations
and beliefs concerning future events impacting the company and are subject to
uncertainties and factors (including those specified below) which are
difficult to predict and, in many instances, are beyond the control of the
company. As a result, actual results of the company could differ materially
from those expressed in or implied by any such forward-looking statements.
These uncertainties and factors include (a) general economic conditions; (b)
the price and supply of raw materials, particularly titanium dioxide, certain
resins, aerosols and solvents; (c) continued growth in demand for the
company's products and services; (d) legal, environmental and litigation risks
inherent in the company's construction and chemicals businesses and risks
related to the adequacy of the company's insurance coverage for such matters;
(e) the effect of changes in interest rates; (f) the effect of fluctuations in
currency exchange rates upon the company's foreign operations; (g) the effect
of non- currency risks of investing in and conducting operations in foreign
countries, including those relating to domestic and international political,
social, economic and regulatory factors; (h) risks and uncertainties
associated with the company's ongoing acquisition and divestiture activities,
including realization of any projected revenue growth and acquisition-related
synergies; (i) risks related to the adequacy of its contingent liability
reserves, including for asbestos-related claims; and other risks detailed in
the company's other reports and statements filed with the Securities and
Exchange Commission, including the risk factors set forth in the company's
prospectus and prospectus supplement included as part of the company's
Registration Statement on Form S-4 (File No. 333-114259), as the same may be
amended from time to time. RPM does not undertake any obligation to publicly
update or revise any forward-looking statements to reflect future events,
information or circumstances that arise after the date of this release.
SOURCE RPM International Inc.
Glenn R. Hasman,
vice president of finance and communications of RPM International