RPM Int'l (RPM) Unit Acquires HiChem Paint Technologies
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RPM International Inc. (NYSE: RPM) reports that its Rust-Oleum Group has acquired HiChem Paint Technologies Pty. Ltd., a leading Australian manufacturer of automotive aftermarket coatings, as well as specialty coatings for industrial applications and home maintenance.
Based in Hallam, Australia, HiChem has annual sales of approximately $23 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
Based in Hallam, Australia, HiChem has annual sales of approximately $23 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
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