US RPM International acquires tile producer Expanko

03 September 2013 23:18  [Source: ICIS news]

HOUSTON (ICIS)--RPM International’s Performance Coatings Group has acquired tile producer Expanko, the US-based coatings and sealants firm announced on Tuesday.

Terms of the deal were not disclosed. The transaction is expected to be accretive to earnings within a year, RPM said in a news release.

Based in Exton, Pennsylvania, Expanko produces terrazzo tile under the FritzTile brand, as well as cork, rubber and rubber-cork floor tiles, primarily for markets such as education, health-care and entertainment markets, RPM said.

"Expanko is a great fit with other PCG flooring lines and should benefit from greatly enhanced marketing and distribution opportunities that will further its reach beyond its traditional US east coast strength," stated Frank Sullivan, RPM chairman and CEO.

Expanko will operate as a stand-alone business within the coatings group, Sullivan said.

By: Jeremy Pafford
+1 713 525 2653

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