RPM upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded RPM based on solid business trends, operating leverage, and reduced asbestos headwinds. Price target raised to $50 from $47.
RPM2 Group acquires Morrells Woodfinishes RPM International announced that its RPM2 Group has acquired Morrells Woodfinishes. Based outside of Manchester, Morrells has annual net sales of approximately $33M and nearly 150 employees. The company will remain a stand-alone operation within RPM2's Wood Finishes Group. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.