RPM’s Rust-Oleum Group Acquires Spraymate
RPM International Inc. recently announced that its Rust-Oleum Group has acquired Spraymate Group, the producer of South Africa’s leading aerosol paint brand. Based outside of Johannesburg, South Africa, Spraymate has annual net sales of approximately $5 million.
“This acquisition gives Rust-Oleum, which has been building its presence in South Africa by importing products, the opportunity to utilize Spraymate’s manufacturing and distribution capabilities,” said Frank C. Sullivan, chairman and CEO. “Spraymate will benefit from Rust-Oleum’s product innovation, marketing capabilities and category management.”