The Flowcrete Group, a Manchester, England-based maker of commercial flooring, has been acquired by RPM, a U.S.-based holding company whose products include Rust-Oleum, Day-Glo, Stonhard and DAP. Plans call for Flowcrete to operate as a “stand-alone business” under its current management team. In addition to its namesake Flowcrete line, it will continue to market the brands Flowfresh, Isocrete, Deckshield and Mondeco, which are predominately used in manufacturing plants and other heavy traffic environments. Terms of the deal where not disclosed. 

The Flowcrete Group, a Manchester, England-based maker of commercial flooring, has been acquired by RPM, a U.S.-based holding company whose products include Rust-Oleum, Day-Glo, Stonhard and DAP. Plans call for Flowcrete to operate as a “stand-alone business” under its current management team. In addition to its namesake Flowcrete line, it will continue to market the brands Flowfresh, Isocrete, Deckshield and Mondeco, which are predominately used in manufacturing plants and other heavy traffic environments. Terms of the deal where not disclosed.

In announcing the acquisition, RPM officials noted that Flowcrete has expanded aggressively in international markets, especially Europe and Asia. The acquisition represents an “opportunity for further penetration into the growing global resin/seamless floor market,” an RPM spokesperson said. Based in Medina, Ohio RPM employs about 9,400 people and last year reported sales of $3.3 billion. Flowcrete, which has a total work force of approximately 350, reports annual sales of about $85 million.

"In this fast growing and highly fragmented market, service and reputation are critical to long-term growth,” explained RPM's president and chief executive officer Frank C. Sullivan, in announcing the acquisition. “Flowcrete is a strong global franchise with an excellent team of people,”

Mark Greaves, who will continue his post as group managing director for Flowcrete, noted that the transaction will help his 26-year old company grow. “We have been looking for some time at ways to raise funds for the group to give it the financial muscle to make further acquisitions.” said Greaves. “This deal will enable the company to grow and expand, both in the UK and overseas. Our brief is to further aggressively expand the business to become the world’s leading specialist flooring company,” he said.