Rust-Oleum, a subsidiary of RPM International, has acquired Tor Coatings Ltd., a manufacturer and marketer of specialty coatings in the UK. Terms were not disclosed.
Tor is based in Birtley, England and in addition to selling specialty coatings under the Tor brand, they also sell under the Blackfriars, Holdite, Solignum, Ratcliffe and Macroplexx brands.
Tor has annual sales of approximately $45 million.
"This acquisition is an excellent strategic fit with out growing Rust-Oleum business in Europe," said Frank C. Sullivan, RPM president and CEO. "In addition to expanding our technical expertise, we strengthen our coatings presence in the consumer market in the UK and broaden our distribution of industrial and commercial coatings."
RPM's Rust-Oleum acquires Tor Coatings
By Tim Wright
Published March 2, 2007
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