The company recently signed agreements to acquire Elite Tyre Group as well as Super Tyre Mart.
() co-founder and managing director Clive Finkelstein has purchased 37,100 shares in the company via on-market trades.
Finkelstein is a significant shareholder in RPM holding more than 41 million shares.
Acquisitions
RPM recently signed agreements to acquire Elite Tyre Group as well as Super Tyre Mart for $1.4 million comprising 30% cash and 70% shares.
The two businesses are expected to produce a combined revenue of $5.5 million with an EBITDA margin in the range of 8-10%.
Positively, this represents a purchase price of around 3x EBITDA.
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