RPM International Inc. has announced that its Rust-Oleum Group has acquired Spraymate Group, producer of South Africa’s leading aerosol paint brand. Spraymate is based in Randvaal, South Africa outside Johannesburg. Terms of the transaction were not disclosed.
The majority of Spraymate’s sales are in the retail market through both big box stores and independent dealers, while the company also provides marking paints to the mining industry under the Mine Mate brand.
“This acquisition gives Rust-Oleum the opportunity to utilize Spraymate’s operational capabilities for manufacturing and distribution rather than importing products. Spraymate will benefit from Rust-Oleum’s product innovation, marketing capabilities and category management,” stated Tom Reed, Rust-Oleum Chief Operating Officer. Spraymate will continue to be led by managing director Warren Howell, son of one of the firm’s founders.
