Bondex Asbestos Trust

MEDINA, Ohio, May 20, 2013 /PRNewswire/ -- RPM All-embracing Inc. (NYSE: RPM) today appear that the U.S. Defalcation Cloister for the District of Delaware has issued an assessment ciphering the accepted and approaching asbestos claims associated with Bondex International, Inc. ("Bondex") and Specialty Articles Captivation Corp. ("SPHC") at about $1.17 billion. The admiration audition represents one footfall in the acknowledged action in allowance to actuate the bulk of abeyant allotment for a 524(g) asbestos trust. The debtors, Bondex and SPHC, durably accept that the assessment essentially overstates the bulk of their accountability and is not accurate by the facts or the law. The debtors intend to appeal. It is advancing that the address action could booty an added two to three years.

On May 31, 2010, Bondex and its parent, SPHC, filed autonomous petitions for abatement beneath Chapter 11 of the Defalcation Code in the U.S. Defalcation Cloister for the District of Delaware. Through the Chapter 11 proceedings, the filing entities intend ultimately to authorize a assurance in accordance with Section 524(g) of the Defalcation Code and seek the artifice of a channeling admonition that will absolute all approaching Bondex-related and SPHC-related claims to the trust. It is advancing that the assurance will atone claims at adapted ethics accustomed by the assurance abstracts and accustomed by the defalcation court.

RPM All-embracing Inc., a captivation company, owns subsidiaries that are apple leaders in specialty coatings, sealants, architecture abstracts and accompanying casework confined both automated and customer markets. RPM's automated articles accommodate beam systems, sealants, bane ascendancy coatings, attic coatings and specialty chemicals. Automated brands accommodate Stonhard, Tremco, illbruck, Carboline, Flowcrete, Universal Sealants and Euco. RPM's customer articles are acclimated by professionals and do-it-yourselfers for home aliment and advance and by hobbyists. Customer brands accommodate Zinsser, Rust-Oleum, DAP, Varathane and Testors. Added accommodation can be begin at www.RPMinc.com and by afterward RPM on Cheep at www.twitter.com/RPMintl.

For added information, acquaintance Barry M. Slifstein, carnality admiral - broker relations and planning, at 330-273-5090 or [email protected].

This columnist absolution contains "forward-looking statements" apropos to our business. These advanced statements, or added statements fabricated by us, are fabricated based on our expectations and behavior apropos approaching contest impacting us, and are accountable to uncertainties and factors (including those defined below) which are difficult to adumbrate and, in abounding instances, are above our control. As a result, our absolute after-effects could alter materially from those bidding in or adumbrated by any such advanced statements. These uncertainties and factors accommodate (a) all-around markets and accepted bread-and-butter conditions, including uncertainties surrounding the animation in banking markets, the availability of basic and the aftereffect of changes in absorption rates, and the activity of banks and added banking institutions; (b) the prices, accumulation and accommodation of raw materials, including different pigments, resins, solvents and added accustomed gas- and oil-based materials; packaging, including artificial containers; and busline services, including ammunition surcharges; (c) connected advance in appeal for our products; (d) legal, ecology and action risks inherent in our architecture and chemicals businesses and risks accompanying to the capability of our allowance advantage for such matters; (e) the aftereffect of changes in absorption rates; (f) the aftereffect of fluctuations in bill barter ante aloft our adopted operations; (g) the aftereffect of non-currency risks of advance in and administering operations in adopted countries, including those apropos to calm and all-embracing political, social, bread-and-butter and authoritative factors; (h) risks and uncertainties associated with our advancing accretion and denial activities; (i) risks accompanying to the capability of our accidental accountability reserves; (j) risks and uncertainties associated with the SPHC defalcation proceedings; and (k) added risks abundant in our filings with the Securities and Barter Commission, including the accident factors set alternating in our Annual Report on Form 10-K for the year concluded May 31, 2012, as the aforementioned may be adapted from time to time. We do not undertake any obligation to about amend or alter any advanced statements to reflect approaching events, advice or affairs that appear afterwards the date of this release.

SOURCE RPM All-embracing Inc.

Bondex Asbestos Trust