US RPM International acquires Australia's HiChem Paint Technologies
04 April 2012 14:41 [Source: ICIS news]
HOUSTON (ICIS)--RPM International has acquired
HiChem makes automotive aftermarket coatings, as well as specialty coatings for industrial applications and home maintenance. It has annual sales of about $23m (€17m).
RPM said that HiChem will be part of its Rust-Oleum Group.
"This acquisition expands our presence in the Australian market with well-respected brands and enhances our operational capabilities in the region by providing new distribution channels and local manufacturing,” RPM CEO Frank Sullivan said.
($1 = €0.76)
By: Stefan Baumgarten
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