Flowcrete Becomes Part of US Industrial Coatings Group RPM

Logistics Insight Asia - Industry News, 22/4/2008

Flowcrete Group plc, the specialist flooring manufacturer, has been acquired by US-based RPM International Inc, a multinational holding company with subsidiaries that manufacture and market high-performance coatings, sealants and speciality chemicals. RPM is listed on the New York Stock Exchange.

Flowcrete, which has its headquarters in Sandbach, Cheshire, UK, was founded in 1982 by father and daughter team of Peter and Dawn Gibbins, MBE, Flowcrete’s current Chairman (above right). Today, Flowcrete is a multi-million pound international business, with 30 offices and 12 manufacturing plants across the globe. Flowcrete employs 350 people around the world and recently recorded a record financial performance, achieving sales of more than £44 million in 2007 - an increase of 24 percent on 2006 figures.

RPM International Inc. recorded sales of U$3.3 billion in 2007 with 63 per cent to industry worldwide and the remaining 37 per cent to domestic consumers mainly in North America.

Flowcrete will continue to be led by the current management team, with Mark Greaves (above left) continuing as Group Managing Director.

Flowcrete, www.flowcrete.com