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RPM's Rust-Oleum Acquires Watco Group

  Acquisition Strengthens Industrial Coatings Business in the United Kingdom

MEDINA, Ohio, July 25 /PRNewswire-FirstCall/ -- RPM International Inc. (NYSE: RPM) announced today that its subsidiary, Rust-Oleum Corporation ("Rust-Oleum"), has acquired the Watco Group ("Watco"), based in Godalming, United Kingdom. Terms were not disclosed.

Watco has an 80-year history as a manufacturer and marketer of industrial coatings, as well as being a leading supplier of concrete floor coatings in the UK. Most of Watco's sales are made through its proprietary catalog marketing system, which allows them to reach over 50,000 industrial maintenance customers. In addition to selling products under the Watco brand, they also sell under the Flowtop, Concrex, Safety Grip, Dustop, and Roofite brands. Rust-Oleum, based in Vernon Hills, IL, is a leading provider of specialty coatings used in both home and industry.

Watco has annual sales of approximately $20 million and is expected to be accretive to earnings within the year.

"This acquisition is an excellent complement to our Rust-Oleum business in Europe," said Frank C. Sullivan, RPM president and chief executive officer. "We have expanded our technology base as well as gained a new channel of distribution for Rust-Oleum's vast array of industrial coatings. This is consistent with RPM's ongoing plan to acquire synergistic product lines and businesses for our operating companies."

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, Euclid, 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

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 which are difficult to predict, and, in many instances, are beyond the control of the company. As a result, our actual results could differ materially from those expressed in or implied by any such forward-looking statements.

SOURCE RPM International Inc.

CONTACT: Glenn R. Hasman, vice president - finance and communications of
RPM International Inc., 1-330-273-8820, or
Web site:

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