RPM
Sales: $3.3 billion
Strengthening
brands
Company Facts:
RPM International, Inc.
2628 Pearl Road P.O. Box 777
Medina, OH 44258 USA
Tel: (330) 273-5090; Fax: (330) 225-8743
www.rpminc.com
• 2007 SALES REVENUE: $3.3 billion
(2006 SALES: $3 billion)
• KEY PERSONNEL: Frank Sullivan, president
and CEO; Ronald Rice, executive VP and COO; P.
Kelly Tompkins, executive VP and CAO; Ernest
Thomas, senior VP and CFO; Key managers: John
McLaughlin, DAP; Thomas Reed, Rust-Oleum;
Charles Pauli, RPM II; Jeffrey Korach, Tremco;
David Reif, StonCor.
• MAJOR PRODUCTS: Industrial and consumer
coatings and related products sold through a number of subsidiaries operating around the world.
• 2007 ACQUISITIONS: The Dane Group; Nu-Chem; Permaquik; The Watco Group; Tor
Coatings.
The industrial and consumer
segments combined for $3.3 billion in sales in 2007. The industrial products segment accounted for
63% of sales and includes roofing systems, sealants, corrosion control coatings, polymer floor coatings, fiberglass
reinforced plastic grating, specialty
chemicals and recreational marine
coatings sold in approximately 150
countries and territories. Industrial
brands include Tremco, Stonhard,
Carboline, illbruck, Day-Glo, Euco,
Dryvit, Fibergrate and Pettit.
The consumer products segment
accounted for 37% of sales and includes
rust-preventative and small project
paints, primersealers, wallcovering
preparation and removal products, wood
stains and finishes, mildew resistant
paints, automotive repair and maintenance products and hobbyist products,
sold mainly in North America. Consumer
brands include Rust-Oleum, DAP,
Zinsser, Varathane, Bondo and Testors.
ACQUISITION HUNGRY
In 2007, RPM acquired five businesses:
The Dane Group, Nu-Chem, Permaquik,
The Watco Group and Tor Coatings.
RPM also acquired 14.99% of the outstanding shares of Kemrock Industries.
All are now under the RPM umbrella.
RPM’s Rust-Oleum subsidiary
enhanced its position in Europe during
2007 through two acquisitions. The
Watco Group was purchased for $20 million and is a manufacturer and marketer of coatings for industrial maintenance applications, based in Godalming,
England. Tor Coatings Limited, a $45
million specialty coatings producer
based in Birtley, England, was also purchased and serves both consumer and
industrial markets with brands including Tor, Blackfriars, Holdtite, Solignum,
Ratcliffe and Macroplexx.
The company’s Fibergrate subsidiary
acquired a 14.99% interest in Kemrock
Industries & Exports, Ltd. Kemrock is a
$30 million producer of fiberglass reinforced plastic (FRP) components based
in Vadodara, Gujarat State, India. It produces certain FRP grating product lines
for Fibergrate, which are used extensively in highly corrosive environments, such
as offshore drilling platforms. Kemrock
also markets its own line of FRP products, including sound-deadening barriers for highways and components for
wind turbines.
Rust-Oleum Universal
is the first all-surface
spray paint and comes
with an ergonomic
grip and 360° any-
angle spray.
The $20 million daylight fluorescent,
phosphorescent and thermochromatic
pigments business of The Dane Group
was acquired by RPM’s Day-Glo unit.
Based in Manchester, England, this business broadens Day-Glo’s market coverage in Europe and Asia.
Permaquik Corp., a $7 million supplier of high-performance waterproofing
and green roof systems, joined the
Tremco Global Sealants Division and is
based in Mississauga, Ontario, Canada.
Carboline acquired St. Louis-based
Nu-Chem, Inc. The $5 million line of intumescent fireproofing products protects
exposed steel in various commercial,
petrochemical and offshore markets.
Carboline also purchased the $5 million
marine and industrial coatings product
line of Finnaren & Haley, based in
Philadelphia, PA. This addition enhances
Carboline’s rapid penetration of the
marine coatings market in the U.S.
