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Home  > Markets & companies  > Coatings market  > RPM acquires South African spray paint man...

Wednesday, 18 September 2019
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Markets & companies, Coatings market

RPM acquires South African spray paint manufacturer

Friday, 20 March 2015

RPM International Inc. announced that its Rust-Oleum Group has acquired Spraymate Group, the producer of South Africa's leading aerosol paint brand.

Spraymate Group is a leading aerosol paint producer in South Africa. Source: NicOlas Angevin/Fotolia

Spraymate Group is a leading aerosol paint producer in South Africa. Source: NicOlas Angevin/Fotolia

Based outside of Johannesburg, South Africa, Spraymate has annual net sales of approximately EUR 4.69 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

Sales are in the decorative/retail market

The majority of Spraymate's sales are in the decorative/retail market through both big box stores and independent dealers under the Spraymate brand, while the company also provides marking paints to the mining industry under the Mine Mate brand.

"This acquisition gives Rust-Oleum, which has been building its presence in South Africa by importing products, the opportunity to utilise Spraymate's manufacturing and distribution capabilities. Spraymate will benefit from Rust-Oleum's product innovation, marketing capabilities and category management," stated Frank C. Sullivan, RPM chairman and chief executive officer. "RPM looks forward to welcoming the Spraymate management team, led by managing director Warren Howell, son of one of the firm's founders, to the RPM family of businesses."

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