Sector News

RPM Acquires Leading South African Spray Paint Manufacturer

March 17, 2015
Chemical Value Chain
/PRNewswire/ – RPM International Inc. today 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. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
 
The majority of Spraymate’s sales are in the decorative/retail market through both big box stores and independent dealers under the Spraymate brand, while the company also provides marking paints to the mining industry under the Mine Mate brand.
 
“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. Spraymate will benefit from Rust-Oleum’s product innovation, marketing capabilities and category management,” stated Frank C. Sullivan, RPM chairman and chief executive officer. “RPM looks forward to welcoming the Spraymate management team, led by managing director Warren Howell, son of one of the firm’s founders, to the RPM family of businesses.”
 
Source: RPM

comments closed

Related News

November 27, 2022

ICIG to acquire MSSA from Nippon Soda

Chemical Value Chain

International Chemical Investors Group (ICIG) has entered exclusive negotiations with Nippon Soda and made what it said is a “firm and binding offer” to acquire the Japanese group’s offshoot Métaux Spéciaux (MSSA), a sodium metal specialist.

November 27, 2022

FIFA World Cup: Coca-Cola launches 100% recycled PET bottles to promote Qatari recycling

Chemical Value Chain

Aligning with the SC’s key initiatives on responsible plastic recycling, Coca‑Cola Middle East’s pilot of 100% rPET bottles marks the first time the packaging will be in circulation at a FIFA World Cup tournament and serves as Coca‑Cola’s debut in locally producing the bottles in the region.

November 27, 2022

Neste acquires another used-oils business in the U.S.

Chemical Value Chain

Through the transaction, Neste is acquiring a leading UCO collection and recycling business on the US West Coast, covering the collection, logistics and storage of UCO in California, Oregon and Washington. Together with the previous acquisitions (…) the transaction continues to enhance Neste’s global raw materials sourcing platform.