MEDINA, Ohio, Dec. 4 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today that it has acquired the daylight fluorescent,
phosphorescent and thermochromatic pigments business of The Dane Group.
Located in Manchester, England, this business has annual revenues of
approximately $20 million. Terms were not disclosed.
"Dane will operate as a stand-alone entrepreneurial business within our
Day-Glo Group of companies and will continue to be led by Operations Manager
Fintan McGrath and his capable management team," said Stephen J. Knoop, RPM's
senior vice president - corporate development. "This acquisition furthers our
position as a global supplier of bright, special effects colors, and we
anticipate that Dane will be accretive to our earnings during its first year."
"We're excited about the new geographies that Dane brings to our
organization," said Steve Jackson, Day-Glo president. "Dane is well
established in Europe and Asia and has unique technologies that can be
expanded across our business. Dane also brings needed manufacturing capacity,
as well as added scale and other opportunities in purchasing, R&D and
Day-Glo's primary markets include plastics, graphic arts, paints and
coatings, dyes and textiles. Headquartered in Cleveland, OH, Day-Glo has
additional manufacturing facilities in Twinsburg, OH and Cudahy, CA and has a
European presence through its Radiant Color N.V. operation in Houthalen,
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
Web site: http://www.rpminc.com