RECENTLY COMPLETED ACQUISITIONS

6 Months Ended

Nov. 30, 2012

RECENTLY COMPLETED ACQUISITIONS

NOTE 18 — RECENTLY COMPLETED ACQUISITIONS

On September 5, 2012, we acquired Kirker Enterprises, Inc., a leading manufacturer of nail care enamels, coatings components and related products for the personal care industry. Based in Paterson, New Jersey, Kirker has annual sales in excess of $100 million. Kirker will be managed and reported by our RPM2 — Consumer operating segment.

On September 21, 2012, we acquired Synta, Inc., a producer and marketer of innovative and unique exterior wood deck and concrete restoration systems sold through leading national home centers and marketed under the brands of Deck Restore and Concrete Restore. Synta’s products also include a craft coatings line. Based in Clarkston Georgia, Synta has annualized sales expected to exceed $40 million. Synta will be managed and reported by our Rust-Oleum operating segment.

The preliminary fair value of acquired goodwill and other intangible assets for the two acquisitions described above totaled approximated $160.9 million and $103.3 million, respectively. Additionally, the preliminary fair value of contingent consideration for these two acquisitions combined totaled approximately $63.5 million. Opening balance sheet valuations for these two recent acquisitions are ongoing. A final determination of the purchase price allocation will be made based upon the completion of the determination of the fair value of acquired tangible and intangible assets and our assessment of deferred income taxes.