MEDINA, Ohio--(BUSINESS WIRE)--RPM International Inc. (NYSE: RPM) today announced that its Rust-Oleum business has acquired Ali Industries, LLC, a leading manufacturer of sandpaper and other abrasives. Headquartered in Fairborn, Ohio, Ali Industries has annual net sales of approximately $75 million. Terms of the transaction were not disclosed.
Ali Industries, which is commercially known as Gator Finishing Products, is a market-leading innovator and offers finishing products for power sanding, hand sanding, cutting and grinding, and floor sanding. Its products are used on many surfaces, including wood, metal and paint. They are sold under well-recognized brand names, including Gator, Finish 1st and Zip Sander. The company’s abrasive products are manufactured in the U.S. and distributed across North America through home improvement centers, mass merchandisers, hardware, paint and automotive supply stores.
Ali Industries will be a free-standing unit under RPM’s Rust-Oleum business, which is the global leader in manufacturing innovative coatings that empower do-it-yourselfers and professionals. The Ali brothers, Terry, Chris and Philip, will continue leading the business as part of Rust-Oleum.
“Ali Industries is an excellent synergistic fit within our Consumer Group because it broadens the segment’s surface preparation capabilities by adding abrasives to our lineup of patch, repair and cleaning products. Through this transaction, we plan to enhance Ali’s distribution base and enable the business to penetrate new markets,” stated Frank C. Sullivan, RPM chairman and CEO. “This acquisition presents significant opportunities to build even stronger relationships with key retailers and further deliver on customer needs.”
RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates across four reportable segments: consumer, construction products, performance coatings and specialty products. RPM has a diverse portfolio with hundreds of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, Day-Glo, Legend Brands, Stonhard, Carboline, Tremco and Dryvit. From homes and workplaces, to infrastructure and precious landmarks, RPM’s brands are trusted by consumers and professionals alike to help build a better world. The company employs approximately 15,000 individuals worldwide. Visit www.RPMinc.com to learn more.
For more information, contact Russell L. Gordon, vice president and chief financial officer, at 330-273-5090 or email@example.com.
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