Medina, Ohio—RPM International announced its Performance Coatings Group has acquired Expanko, a producer of terrazzo tile under the FritzTile brand, as well as cork, rubber and rubber/cork floor tiles, primarily for the education, healthcare, hospitality and sports/entertainment commercial markets. Headquartered in Exton, Pa., with manufacturing in Mesquite, Tex., Expanko has annual sales of more than $12 million. Terms of the transaction were not disclosed.
Expanko will operate as a stand-alone business within PCG and will continue to be led by one of its two owners, Randy Gillespie, and his current management team. RPM International, a holding company, owns subsidiaries that make specialty coatings, sealants, building materials and related services serving both industrial and consumer markets.