RPM International Inc. announced
that its Performance Coatings Group has acquired Hummervoll Industribelegg AS,
a supplier and installer of industrial flooring systems based in Bergen,
Norway, with annual sales of more than $11 million. The transaction is expected
to be accretive to earnings within one year.
Hummervoll, founded in
1980 by Per Hummervoll, serves onshore and offshore markets with its concrete-
and epoxy-based flooring systems. Its onshore division primarily focuses on the
food, manufacturing, and chemical industries, while the offshore division
provides flooring solutions for oil platforms, barricade decks, and emergency
escape routes.
“The addition of Hummervoll to the
RPM Performance Coatings Group presents both top- and bottom-line growth
opportunities for RPM,” said Frank C. Sullivan, RPM chairman and CEO. “In
particular, it broadens our presence in Scandinavia by expanding our overall
product line, sales force, installation teams and customer base. We welcome Per
Hummervoll and his management team to the family of RPM companies and look
forward to supporting their continuing growth.”
For more information,
visitwww.rpminc.com.