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RPM unit acquires Expanko, expected to be accretive to EPS within 1 year

RPM International announced that its Performance Coatings Group has acquired Expanko, a producer of terrazzo tile under the FritzTile brand, as well as cork, rubber and rubber/cork floor tiles, primarily for the education, healthcare, hospitality and sports/entertainment commercial markets. Headquartered in Exton, Pennsylvania, with manufacturing in Mesquite, Texas, Expanko has annual sales of more than $12M. Terms of the transaction, which is expected to be accretive to EPS within one year, were not disclosed.