20th June 2019

RPM BUYS KEY RESIN

RPM International Inc. (Medina, OH) has purchased Key Resin Co. (Batavia, OH), a manufacturer of polymer flooring and coating systems. Key Resin will become part of RPM's Euclid Group, with its reported net sales of $25-million per year. While the terms of the transaction have not been disclosed, RPM says it is expected to be accretive to earnings within one year.

Key Resin produces and markets wall coating systems, terrazzo flooring and resinous flooring, maintenance products and concrete repair materials for industrial, institutional and commercial applications. The company focuses on the North American market, and sells directly to contractors and facility owners alike. Key Resin will be run by Jeff Cain, the second generation of family involvement in the business, along with his management team.

The Euclid Group manufactures specialty chemical products for both global construction and engineering industries. Its collective product portfolio includes concrete sealers, sealants, protective coatings, flooring systems, waterproofing membranes and a number of other construction products.

“Key Resin fits right within our sweet spot for acquisitions,” Frank C. Sullivan, RPM chairman and chief executive officer, said in a statement. "It’s a well-run, family-founded specialty coatings business that is a market leader.

“This transaction expands our Euclid Group’s flooring systems product offering and market share in North America, and positions it as a significant player in terrazzo flooring.”

RPM reports $5-billion in annual sales.

www.rpminc.com