US RPM to repeat 2008 acquisition activity

21 July 2008 18:19  [Source: ICIS news]

HOUSTON (ICIS news)--US adhesives and coatings producer RPM said on Monday that its upcoming acquisitions will likely resemble the deals it made in the past 12 months.

Those deals include Increte Systems, a decorative concrete company with annual sales of $15m (€9.45). Flowcrete, another 2008 acquisition, has annual sales of $85m.

While the upcoming 12 months will resemble 2008, RPM is still considering larger deals, said Frank Sullivan CEO.

Last year's credit crunch has brought down valuations, allowing RPM and other producers to bid on such companies without much competition from private equity firms, Sullivan said.

($1 = €0.63)

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By: Al Greenwood
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