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    Breaking News

    RPM Acquires Raised Flooring Systems Manufacturer

    Headquartered in Denver, Colorado, Bison has annual net sales of approximately $26 million.

    RPM Acquires Raised Flooring Systems Manufacturer
    03.30.21

    RPM International Inc. announced that its Fibergrate Composite Structures Inc. business acquired Bison Innovative Products, a manufacturer of raised flooring systems.

     

    Headquartered in Denver, Colorado, Bison has annual net sales of approximately $26 million. 

     

    Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed. 

     

    Bison’s flooring systems consist of adjustable polypropylene pedestals that support tiles with architectural finishes such as wood, stone or artificial turf. 

     

    Its products are used for rooftop decks, plazas, terraces, pop-up-parks and other architectural features requiring maintenance-free pedestals and low maintenance deck surfaces.

     

    The company’s products are manufactured in the U.S. and distributed across North America. Bison will become part of RPM’s Fibergrate business, which is a global manufacturer of fiberglass-reinforced plastic solutions for industrial and commercial applications.

     

    “The Bison business checks the box on the key characteristics we look for in an acquisition. It has a unique, market-leading product line; track record of impressive top- and bottom-line growth; and synergies with our other businesses that will enable us to accelerate that growth," said Frank C. Sullivan, RPM chairman and CEO. "Plus, it has a strong management team led by Lisa von Gunten and Matt McClaugherty who is staying on to run the business. Through this transaction, we plan to enhance Bison’s distribution base, allowing the business to enter new geographies and markets. At the same time, we expect to leverage its connections to achieve greater penetration of Fibergrate’s products.” 

     

     

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      The annual meeting will be held at 2:00 p.m. EDT on Thursday, October 7, 2021.
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      RPM Purchases Texas Manufacturing Plant to  Meet Customer Demand & Enhance Operational Efficiencies

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      RPM has procured a 178,000-square-foot chemical manufacturing facility located on 120 acres in Corsicana, Texas.
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    Breaking News
    • Two New Directors Add Expertise to ChemQuest Team
    • Nor-Shipping Reaction from AkzoNobel
    • BASF Starts Up New Plant for Hexamethylenediamine in Chalampé, France
    • Pacific Coatings Show 2025 Issues Call for Papers
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