RPM International Inc. has announced that its subsidiary, StonCor Group has acquired Star Maling, which consists of three divisions: Star Maling, Carboline Marine and Carboline Norge. Star is a leading manufacturer and marketer of specialty coatings for industrial and offshore/marine applications in Scandinavia, and has been an RPM joint venture partner since 1972.
Star Maling, based in Lier, Norway, manufactures specialty coatings under the Star Maling and Carboline brands, offering a wide variety of coatings solutions predominately in the petrochemical, offshore drilling and marine markets.
Star Maling has annual sales of approximately $30 million and complements StonCor Group's European initiatives to improve the technical capacity and expertise of the Carboline-Europe organization, as well as to expand the range of customized coating solutions for harsh environmental conditions.
"Star Maling has been an outstanding partner for more than three decades," said David Reif, StonCor's president. "The Star acquisition is essential to expand and strengthen Carboline's global presence and support of multinational customers. Additionally, this acquisition will expand the distribution of our Stonhard and Fibergrate product lines into the Scandinavian market. The entire team is looking forward to working more directly with our long-time partners to service our clients and solve the toughest coatings problems."
RPM's StonCor Group acquires Star Maling
By Tim Wright
Published September 27, 2007
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