Acquisition From Custom Building Products Strengthens DAP's Market Leadership
MEDINA, Ohio, Feb. 13 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today that its DAP Inc. ("DAP") subsidiary has acquired
Custom Building Products' ("Custom") line of ready-to-use (pre-mix) patch and
repair products. The acquisition is expected to be accretive to RPM earnings
within one year. Terms were not disclosed.
Custom is based in Seal Beach, CA, and has a 40-year history as a producer
of industry-leading tile and stone installation products. Custom's major
patch and repair brands acquired by DAP include Patch-N-Paint(R) Lightweight
Spackling, All Purpose Spackling Paste and Flexall(R) Flexible All Purpose
"This relatively small but strategic acquisition extends DAP's leading
market position in ready-to-use patch and repair products and further
represents RPM's ongoing plan to acquire synergistic product lines and
businesses for our operating companies," said Frank C. Sullivan, RPM president
and chief executive officer. "This established, reputable line of Custom-
branded products will be manufactured and marketed through our DAP
organization under the proven leadership of President John McLaughlin," said
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 Stonhard, Tremco, illbruck, Carboline, 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 - 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, supply and capacity of raw materials; packaging; and
transportation services; (c) continued growth in demand for the company's
products; (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; (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.
CONTACT: Glenn R. Hasman, vice president - finance and communications,
of RPM International Inc., 1-330-273-8820, or firstname.lastname@example.org
6031 02/13/2006 08:00 EST http://www.prnewswire.com