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RPM ACQUIRES MARTIN MATHYS, N.V., BELGIAN COATINGS MANUFACTURER

 RPM ACQUIRES MARTIN MATHYS, N.V., BELGIAN COATINGS MANUFACTURER
 MEDINA, Ohio, March 26 /PRNewswire/ -- RPM, Inc. (NASDAQ: RPOW) today announced that its wholly owned Belgian subsidiary, Radiant Color N.V., has purchased all of the outstanding stock of Martin Mathys, N.V., headquartered in Halen (Zelem) Belgium. Martin Mathys, founded in 1845, with annual sales of $24 million, manufactures specialized protective coatings for the building and construction industry, with distribution throughout Belgium, France, Germany and The Netherlands. The company's operations will continue under the direction of its administrataive directors, Claude Jacquet and Stephan Rondou, and their experienced management team.
 RPM expects strong synergies between Martin Mathys and its year-ago acquisition of Rust-Oleum (Nederland) BV and Rust-Oleum (France) S.A. The acquisition will increase RPM's manufacturing base in Europe to $75 million on an annualized basis, with manufacturing facilities in The Netherlands, Belgium and Luxembourg. In addition, approximately $25 million of RPM products are sold to licensees and joint-ventures throughout Europe.
 RPM is a manufacturer of specialty protective coatings, sealants and adhesives serving the industrial waterproofing and corrosion-control markets, as well as the do-it-yourself consumer, hobby and craft markets. RPM presently markets to 75 countries throughout the world.
 RPM shares are traded on the NASDAQ National Market System under the symbol RPOW. The fiscal year ended May 31, 1991 was RPM's 44th consecutive record year of sales, earnings and earnings per share, with sales of $500,257,705, earnings of $31,849,041 and earnings per share of $1.03.
 -0- 3/26/92
 /CONTACT: Thomas C. Sullivan or James A. Karman, both of RPM, Inc., 216-273-5090/
 (RPOW) CO: RPM, Inc. ST: Ohio IN: CHM SU: TNM


LC -- CL011 -- 1947 03/26/92 12:01 EST
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Publication:PR Newswire
Date:Mar 26, 1992
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