RPM International Inc. acquired the daylight fluorescent, phosphorescent and thermochromatic pigments business of The Dane Group. Located in Manchester, England, this business has annual revenues of approximately $20 million. Terms were not disclosed.
“Dane will operate as a stand-alone entrepreneurial business within our Day-Glo Group of companies and will continue to be led by Operations Manager Fintan McGrath and his capable management team,” said Stephen J. Knoop, RPM’s senior vice president – corporate development. “This acquisition furthers our position as a global supplier of bright, special effects colors, and we anticipate that Dane will be accretive to our earnings during its first year.”
“We’re excited about the new geographies that Dane brings to our organization,” said Steve Jackson, Day-Glo president. “Dane is well established in Europe and Asia and has unique technologies that can be expanded across our business. Dane also brings needed manufacturing capacity, as well as added scale and other opportunities in purchasing, R&D and increased distribution.”
Day-Glo’s primary markets include plastics, graphic arts, paints and coatings, dyes and textiles. Headquartered in Cleveland, OH, Day-Glo has additional manufacturing facilities in Twinsburg, OH and Cudahy, CA and has a European presence through its Radiant Color N.V. operation in Houthalen, Belgium.