RPM Acquires HiChem Paint Technologies
RPM International Inc. recently announced that its Rust-Oleum Group has acquired HiChem Paint Technologies Pty. Ltd., a leading Australian manufacturer of automotive aftermarket coatings, as well as specialty coatings for industrial applications and home maintenance.
Based in Hallam, Australia, HiChem has annual sales of approximately $23 million.
“This acquisition expands our presence in the Australian market with well-respected brands and enhances our operational capabilities in the region by providing new distribution channels and local manufacturing,” said Frank C. Sullivan, chairman and CEO of RPM. “HiChem is an excellent addition to our Rust-Oleum Group and will benefit from Rust-Oleum’s innovative new products, marketing savvy, and category management capabilities.”