RPM Paint Group Acquires Polyurethane Decoration Company API

It is reported that the world's paint giant RPM Performance Coatings Group recently acquired the Italian APIS. p. A company. API is a provider of decorative solutions for polyurethanes, polyurethane flooring manufacturers, and cruise ships. The company also produces epoxy-based resins and polyurethane flooring systems for the Italian construction market.

Founded in 1958, API Corporation is one of the world's leading designers and manufacturers of resin composites for high-tech protective products and sealants. API's products include protective products, decorative coatings for yachts, protective concrete layers, water repellents and sealants, tank coatings for food and petrochemical products, antiseptics, and surface coatings for helicopters and airports. After the acquisition, the API company was led by its general manager Giorgio Magnaghi.

The acquisition is expected to increase RPM's annual revenue this year.

RPM Director and CEO Frank C. Sullivan said: "API companies have improved RPM's performance in the decorative flooring market, and will also strengthen Stonhard and Flowcrete's two brands of polymer flooring business."

RPM offers products including roofs, sealants, anti-corrosion coatings, floor coatings and special chemicals. The brand names of the products are Stonhard, Tremco, illbruck, Carboline, Euco, Flowcrete and Universal Sealant.

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