RPM International’s Performance Coatings Group (PCG) has acquired Expanko, a US producer of terrazzo tile (under the FritzTile brand), cork, rubber and rubber/cork floor tiles.
The Philadelphia-headquartered Expanko, with factory in Mesquite, Texas, has annual sales of more than US$12 million. Terms of the transaction has not been disclosed.
Frank C. Sullivan, RPM Chairman and CEO says that Expanko has complementary presence in RPM. It will operate as a stand-alone business within PCG and will continue to be led by one of its two owners, Randy Gillespie, and his current management team, he adds.