RPM Acquires Floor Coatings Company
RPM International Inc. recently announced that its Rust-Oleum Group has acquired Citadel Restoration and Repair Inc., a producer and marketer of premium concrete and wood deck floor coatings for the professional contractor and do-it-yourself (DIY) markets. Based in North St. Paul, Minn., Citadel has annual sales of approximately $10 million.
“Citadel has an outstanding technology platform that we believe can be rapidly expanded in the marketplace by utilizing Rust-Oleum’s marketing and distribution expertise,” said Frank C. Sullivan, chairman and CEO. “Patrick Ilfrey, majority owner of Citadel, will continue to lead the Citadel business as part of the Rust-Oleum Group.”