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RPM Group Acquires Norwegian Flooring Coatings Business

June 14, 2010
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RPM International Inc. announced that its Performance Coatings Group has acquired Hummervoll Industribelegg AS, a supplier and installer of industrial flooring systems based in Bergen, Norway, with annual sales of more than $11 million. The transaction is expected to be accretive to earnings within one year.

Hummervoll, founded in 1980 by Per Hummervoll, serves onshore and offshore markets with its concrete- and epoxy-based flooring systems. Its onshore division primarily focuses on the food, manufacturing, and chemical industries, while the offshore division provides flooring solutions for oil platforms, barricade decks, and emergency escape routes.

“The addition of Hummervoll to the RPM Performance Coatings Group presents both top- and bottom-line growth opportunities for RPM,” said Frank C. Sullivan, RPM chairman and CEO. “In particular, it broadens our presence in Scandinavia by expanding our overall product line, sales force, installation teams and customer base. We welcome Per Hummervoll and his management team to the family of RPM companies and look forward to supporting their continuing growth.”

For more information, visit www.rpminc.com.

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