It has not disclosed the amount paid.

RPM said in a stock market announcement that Flowcrete had annual sales of around $85m. The company is headquartered in Sandbach but operates from 26 offices worldwide. Its decorative and high-performance flooring systems are sold under the brands Flowcrete, Flowfresh, Isocrete, Deckshield and Mondeco and are used in manufacturing plants, stadiums, schools, hospitals, parking decks and other industrial or commercial environments.

The US company says it plans to keep Flowcrete as a stand-alone business under its current management team led by managing director, Mark Greaves.

"We are excited to bring the Flowcrete Group into the RPM family," said Frank C. Sullivan, RPM's president and chief executive officer. "In this fast growing and highly fragmented market, service and reputation are critical to long-term growth. Flowcrete is a strong global franchise with an excellent team of people, led by Mark Greaves, which is committed to providing its customers with world class flooring products and solutions. Mark's global vision for this business, coupled with his entrepreneurial operating philosophy, makes Flowcrete an ideal company to join RPM."

RPM is a holding company which owns subsidiaries that are world leaders in specialty coatings and sealants serving both industrial and consumer markets. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial brands include Stonhard, Tremco, illbruck, Carboline, Day-Glo, Euco, and Dryvit.

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