RPM Performance Coatings Group Acquires Commercial Floor Business
RPM International Inc. recently announced that its Performance Coatings Group (PCG) has acquired Expanko Inc., a producer of terrazzo tile under the FritzTile®brand, as well as cork, rubber and rubber/cork floor tiles. Headquartered in Exton, Pa., with manufacturing in Mesquite, Texas, Expanko has annual sales of more than $12 million.
“Expanko is a great fit with other PCG flooring lines and should benefit from greatly enhanced marketing and distribution opportunities that will further its reach beyond its traditional U.S. East Coast strength,” said Frank C. Sullivan, chairman and CEO of RPM. “Expanko will operate as a stand-alone business within PCG and will continue to be led by one of its two owners, Randy Gillespie, and his current management team.”