Hyde Acquires Roman Decorating Products
The Hyde Group from Prairie Capital, a Chicago-based private equity company, has purchased Roman Decorating Products, Inc. (formerly Roman Adhesives) in an effort to expand its industry profile to include a top line of wallcovering adhesives, primers and related sundries. The Roman acquisition, coupled with the earlier addition of A. Richard G.P., premier Canadian supplier of paint and drywall tools, takes the Hyde Group to $130-million in annual sales. At the same time, Hyde has grown from a category leader in the U.S. to a dominant position throughout North America for surface-finishing hand tools and wallcovering application products. Roman Decorating Products was founded in 1955 and is the leading supplier of wallpaper adhesives to almost every major retailer of wallpaper sundries in North America.