November 21, 2014

Medina
Flurries
21°F

RPM acquires Expanko, terrazzo tile producer

BRUNSWICK HILLS TWP. — RPM International’s Performance Coatings Group has acquired Expanko Inc., a producer of terrazzo tile under the FritzTile brand.

Expanko also sells cork, rubber and rubber/cork floor tiles, primarily for the education, health-care, hospitality and sports/entertainment commercial markets.

Terms of the purchase, which was announced by RPM Tuesday, were not disclosed.

Headquartered in Exton, Pa., with manufacturing facilities in Mesquite, Texas, Expanko has annual sales of more than $12 million.

“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 U.S. East Coast strength,” Frank C. Sullivan, RPM chairman and chief executive officer, said in a prepared statement.

Sullivan said: “Expanko will operate as a stand-alone business within PCG and will continue to be led by one of its two owners, Randy Gillespie, and his current management team.”

RPM International is a holding company that owns subsidiaries that produce specialty coatings, sealants, building materials and related services serving industrial and consumer markets worldwide.

RPM’s industrial brands include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Universal Sealants and Euco.

Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors.