RPM to Acquire Dutch Coatings Company
RPM International Inc. recently announced that it has signed an agreement to acquire SPS Group.
RPM International Inc. recently announced that it has signed an agreement to acquire SPS Group (SPS), a Dutch decorative and specialty coatings company with annual net sales of approximately $60 million. Located in ‘s-Hertogenbosch, the Netherlands, SPS will operate as part of RPM’s Rust-Oleum European business.
“By leveraging the manufacturing and distribution strengths of SPS, we expect this acquisition to accelerate Rust-Oleum’s growth in the Netherlands and other nearby European countries,” said Frank C. Sullivan, chairman and CEO of RPM. “It will also allow the existing customer base of SPS to benefit from Rust-Oleum technologies and innovations.”