Rust-Oleum buys FibreGrid for undisclosed amount

AP News
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Posted: Dec 14, 2009 12:26 PM

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.