RPM Performance Coatings Group, a Medina, Ohio, holding company that owns consumer brands Zinsser, Rust-Oleum, DAP and Varathane, has purchased API, an Italian flooring and deck coating business. The purchase price was not disclosed.
Based in Genoa, Italy, API is a $28 million company that produces and installs epoxy and polyurethane flooring systems for the Italian building market. It specializes decking solutions for cruise ships, mega-yachts and naval applications.