Citation
(2007), "Acquisition expands specialty coatings business in the UK", Pigment & Resin Technology, Vol. 36 No. 4. https://doi.org/10.1108/prt.2007.12936dab.020
Publisher
:Emerald Group Publishing Limited
Copyright © 2007, Emerald Group Publishing Limited
Acquisition expands specialty coatings business in the UK
Acquisition expands specialty coatings business in the UK
RPM International Inc. announced that its subsidiary, Rust-Oleum Corporation, has acquired Tor Coatings Limited, a manufacturer and marketer of specialty coatings in the UK. Terms were not disclosed. Tor is based in Birtley, England, and, in addition to selling specialty coatings under the Tor brand, they also sell under the Blackfriars, Holdtite, Solignum, Ratcliffe, and Macroplexx brands. Rust-Oleum, based in Vernon Hills, IL, is a provider of specialty coatings used in both consumer and industrial applications. Tor has annual sales of approximately $45 million and is expected to be accretive to earnings within the year.