RPM International Inc. (RPM) Acquires Synta Wood and Concrete
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Price: $33.01 --0%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 2.9%
Revenue Growth %: +9.1%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 2.9%
Revenue Growth %: +9.1%
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RPM International Inc. (NYSE: RPM) announced today that its Rust-Oleum Group has acquired Synta Inc., a producer and marketer of innovative exterior wood deck and concrete restoration systems. Based in Clarkston, GA, Synta's annual sales are anticipated to exceed $40 million in the first year. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
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