RPM International Inc. said March 30 it is buying a Denver-based manufacturer of support pedestals for raised flooring and decking. Financial details weren't disclosed.
United Construction Products Inc., doing business as Bison Innovative Products, will become part of RPM's Fibergrate Composite Structures Inc. unit. Bison has annual net sales of about $26 million from brands including Versadjust, Level.It and ScrewJack. Its adjustable polypropylene pedestals, which contain 20 percent post-industrial material, are used to create level rooftop flooring, terraces and decks over sloped surfaces, the companies said in a news release.
Medina, Ohio-based RPM said it will retain Bison's "strong management team" led by President Lisa von Gunten and Matt McClaugherty, executive vice president of sales and marketing.
Frank Sullivan, RPM chairman and CEO, said in the release that his company plans to extend Bison's distribution base into new markets and locations. "At the same time, we expect to leverage its connections to achieve greater penetration of Fibergrate's products," he added.
Fibergrate makes molded and pultruded grating for flooring, industrial settings, docks, offshore platforms and walkways; covered stair treads, guardrails and handrails. The company is based in Dallas, with manufacturing in Stephenville, Texas, and Querétaro, Mexico.
RPM's primary business segments are consumer and construction products, performance coatings and specialty products. Its brands include Rust-Oleum, Varathane, Day-Glo, Zinsser and DAP. RPM has 14,600 employees worldwide.
RPM reported 2020 global annual sales of $5.51 billion. About 75 percent of its sales are in North America.