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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 31, 1998
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RPM, INC.
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(Exact name of registrant as specified in its charter)
Ohio 0-5132 34-6550857
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
2628 Pearl Road, P.O. Box 777, Medina, Ohio 44258
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (330) 273-5090
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Item 5. Other Events.
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On March 31, 1998, RPM, Inc., an Ohio corporation (the "Company"),
issued the press release filed as Exhibit 99 to this report in
connection with its acquisition of The Flecto Company, a California
corporation.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Not applicable
(b) Not applicable
(c) Exhibits.
99 Press Release dated March 31, 1998.
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
RPM, INC.
Date: April 7, 1998 By: /s/ Frank C. Sullivan
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Frank C. Sullivan
Executive Vice President
and Chief Financial Officer
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EXHIBIT INDEX
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Exhibit Description of Exhibit
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99 Press Release dated March 31, 1998.
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NEWS RELEASE
[RPM LOGO] RPM, INC. - P.O. Box 777 - Medina, Ohio 44258 - 330-273-5090
- FAX 330-225-8743 - http://www.rpminc.com
RPM, INC. ANNOUNCES ACQUISITION OF THE FLECTO COMPANY
MEDINA, OHIO--March 31, 1998--RPM, Inc. announced today the acquisition
of The Flecto Company, Inc. ("Flecto"), headquartered in Oakland, California,
for an undisclosed amount.
Flecto is a leading manufacturer of wood finishes and wood finishing
equipment for the retail do-it-yourself wood and floor finishing markets. With
annual sales of approximately $50 million, Flecto has the leading market share
position in Canada and a number two market position in the United States.
Flecto sells clear and stain finishes under the Varathane(R) and Watco(R) name
brands. Flecto is an excellent complement to RPM's growing portfolio of
leading consumer name brands, which include Rust-Oleum, Zinsser, Bondex and
Bondo that target the retail do-it-yourself market. RPM expects to continue to
develop the synergy available between these consumer do-it-yourself businesses.
Flecto will continue to operate under the experienced management team
developed by John E. Vetterli, whose family founded Flecto in 1934. Its
current general manager, Richard C. Swanson, will lead Flecto's continued
growth as president.
RPM, Inc. is a leading manufacturer of industrial coatings, sealants
and adhesives for waterproofing, general maintenance, corrosion control and
other specialty chemical applications. RPM also manufactures consumer
do-it-yourself products for the home maintenance, automotive repair, hobby,
leisure, and marine markets. The fiscal year ended May 31, 1997 was RPM's 50th
consecutive record year of sales, earnings and earnings per share, with sales of
$1.3 billion, net earnings of $78.3 million and restated earnings per share of
$.80. RPM shares are traded on the Nasdaq Stock Market.
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