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.
RPM acquires South African spray paint maker Spraymate Group RPM International announced that its Rust-Oleum Group has acquired Spraymate Group, the producer of South Africa's leading aerosol paint brand. Spraymate has annual net sales of approximately $5M. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.