RPM Acquires South African Spray Paint Manufacturer
MEDINA, OH - RPM International Inc.’s Rust-Oleum Group has acquired Spraymate Group, the producer of South Africa's leading aerosol paint brand. Based outside of Johannesburg, South Africa, Spraymate has annual net sales of approximately $5 million. Terms of the transaction were not disclosed.
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.