StonCor Group, Inc./Fibergrate Division Acquires IKG Industries' FRP Product Line


Medina, Ohio - RPM International Inc. RPM (NYSE: RPM) announced today that its wholly owned subsidiary, The StonCor Group, Inc./Fibergrate Division, has acquired IKG Industries' FRP (fiberglass reinforced plastics) product line. The acquisition includes the lease of a portion of IKG's manufacturing facility in Queretaro, Mexico and the rights to their FRP line of products.

IKG Industries, a Division of Harsco Corporation (NYSE:HSC), is a leading producer of metal grating. The IKG Fiberglass Systems unit was formed in 1989 and has been a producer of fiberglass walkways and support materials. The IKG FRP line includes CorGrate grating, CorGrip handrails, CorTread stair treads, CorLight ladders and structurals.

Fibergrate Composite Structures Inc, the originator of molded fiberglass grating, manufactures the industry's only full line of FRP products in Stephenville, Texas and Vododara, India. "The addition of the Mexico facility and the CorGrate line of products will enable Fibergrate to increase its product offerings and to further develop the Mexican and South American marketplaces," says Marshall Liverman, President, Fibergrate Composite Structures Inc, "while also mitigating our risks with Fibergrate's India and Texas manufacturing sites." Fibergrate's high performance FRP systems are used in industries as varied as chemical processing, wastewatertreatment, food and beverage, marine, pharmaceuticals, utilities and recreation providing the combined benefits of corrosion resistance, slip resistance, low maintenance and low installation costs.

RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings and sealants serving both industrial and consumer markets. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial brands include Fibergrate, Stonhard, Tremco, Carboline, Day-Glo, Euco and Dryvit. RPM's consumer products are using by professional do-it-yourselfers for home maintenance and improvement, automotive and boat repair and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP Varathane, Bondo and Testor.

For more information, contact Tina Marr by email,tmarr@fibergrate.com or by phone 972-349-7290.

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