RPM International Inc. has acquired Flowcrete Group, a global manufacturer and marketer of resin flooring systems for industrial and commercial applications. Flowcrete, established in 1982 and headquartered near Manchester, England, has sales of approximately $85 million.
Flowcrete's wide range of decorative and high-performance flooring systems are sold to applicators, contractors and end users under the Flowcrete, Flowfresh, Isocrete, Deckshield and Mondeco brands. These flooring systems are predominately used in manufacturing plants, stadiums, schools, hospitals, parking decks and other industrial or commercial environments that require lasting, decorative seamless systems.
Flowcrete has expanded aggressively in international markets, especially Europe and Asia, and represents an opportunity for further penetration into the growing global resin/seamless floor market. Flowcrete will remain a stand-alone business under its current management team led by managing director, Mark Greaves. Greaves will report to RPM group operating president, Dave Reif.
"We are excited to bring the Flowcrete Group into the RPM family," said Frank C. Sullivan, RPM's president and CEO. "In this fast growing and highly fragmented market, service and reputation are critical to long-term growth. Flowcrete is a strong global franchise with an excellent team of people, led by Mark Greaves, which is committed to providing its customers with world class flooring products and solutions. Mark's global vision for this business, coupled with his entrepreneurial operating philosophy, makes Flowcrete an ideal company to join RPM."