Rust-Oleum Corp., a unit of holding company RPM International Inc. (NYSE: RPM), said Monday that it purchased FibreGrid Ltd. for an undisclosed sum, according to Associated Press.
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FibreGrid, which is based in the U.K., is a supplier of fiberglass anti-slip safety products for use on ladder rungs, flooring and other areas. The company will become a division of Rust-Oleum's Watco UK Ltd. operations.
The deal is expected to add to earnings within one year.
Shares of RPM International added 30 cents to $20.45 in afternoon trading.
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