RPM Acquires Leading U.S. Food Stabilizer Manufacturer


MEDINA, Ohio – RPM International Inc. (NYSE: RPM) today announced that its Mantrose-Haeuser Co., Inc. subsidiary within the RPM Specialty Products Group has acquired Holton Food Products Company, a leading U.S. supplier of food stabilizer and dry egg white products for the bakery and prepared food markets. Based in LaGrange, near Chicago, Illinois, Holton has annual net sales of $7 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.



Holton supplies high-strength dry egg white products, used with its food stabilizers, for small- or large-scale, high-speed production of meringue toppings, fillings, cookies, cakes, pies, and other dessert and entrée items. Holton's products are primarily sold to large bakery and food companies to optimize appearance, texture, moisture control, production efficiency, freeze-thaw stability and shelf life. Ross, John and David Holton, sons of the founder, will stay on to run the business.



"Holton, with its high degree of expertise in food stabilizers, is a good strategic fit with our subsidiary, Mantrose-Haeuser. The acquisition expands Mantrose's range of specialty food ingredients and provides a key entry into the bakery market," stated Frank C. Sullivan, RPM chairman and chief executive officer. "We expect to grow Holton internationally by leveraging its products across the Mantrose-Haeuser distribution network."



About RPM

RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services across three segments. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and other construction chemicals. Industrial companies include Stonhard, Tremco, illbruck, Carboline, Flowcrete, and Euclid Chemical. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors. RPM's specialty products include industrial cleaners, colorants, exterior finishes, specialty OEM coatings, edible coatings, restoration services equipment and specialty glazes for the pharmaceutical and food industries. Specialty segment companies include Day-Glo, Dryvit, RPM Wood Finishes, Mantrose-Haeuser, RPM Belgium, Legend Brands, Kop-Coat, and TCI. Additional details can be found at www.rpminc.com.



For more information, contact Barry M. Slifstein, vice president - investor relations, at 330-273-5090 or bslifstein@rpminc.com.



SOURCE RPM International Inc.



Web Site: http://www.rpminc.com  

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