Rust-Oleum Corp., a unit of holding company RPM International Inc., said Monday that it purchased FibreGrid Ltd. for an undisclosed sum.
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 25 cents to $20.40 in midday trading.