Rust-Oleum Acquires Assets of Multicolor Specialties Inc.

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Jun 08, 2011, 12:18 ET

VERNON HILLS, Ill., June 8, 2011 /PRNewswire/ -- Rust-Oleum Corporation today announced that it has acquired certain assets of Multicolor Specialties Inc., a manufacturer of specialty coatings based in Cicero, Illinois. Terms of the transaction were not disclosed.

Multicolor has annual sales of approximately $5.0 million. Its primary products are multi-colored coatings for architectural and small project applications. The architectural products are principally sold through paint stores, while the small project paints are sold through many do-it-yourself retail outlets.

"Multicolor has products and technology that provide an attractive and highly durable alternative to conventional coatings. It is an excellent fit with our expanding range of specialty coatings for a variety of substrates," stated Rust-Oleum President & COO Thomas E. Reed.

About Rust-Oleum:

One of America's most recognized and trusted names, Rust-Oleum is the number one brand of small project paints. Its brands and products span the consumer and industrial small project paints, primers, specialty coatings and wood care categories and include such trusted names as Rust-Oleum®, Stops Rust®, Painter's Touch®, American Accents®, EPOXYSHIELD®, Varathane®, Zinsser®, Wolman™ Wood Care Products, Modern Masters® and Watco®. More information is available at www.rustoleum.com.

SOURCE Rust-Oleum