Coatings World - April 2017

gray is now tied with silver for third place at eleven percent. Gray leads silver in popularity in Europe (by six percent), North America (five percent), and South Korea (seven percent). Gray is most popular in Europe ( 17 percent), North America ( 16 percent), South Korea ( 19 percent), and India ( 12 percent). Axalta’s Global Automotive Color Popularity report is in its 64th consecutive edition.

RPM Acquires Two
Companies with Combined
Annual Net Sales of $42
Million

RPM International Inc. has announced that it has acquired two businesses, a manufacturer of commercial floor cleaning equipment and chemicals, and a manufacturer of specialty chemical raw materials. The companies have combined annual net sales of approximately $42 million. Terms of the transactions, which are expected to be accretive to earnings within one year, were not disclosed.

RPM’s Legend Brands business has acquired the Prochem business from the Kärcher North America Company, Inc. Prochem is a manufacturer of professional equipment and chemicals for cleaning and restoring carpet, upholstery and hard flooring surfaces. Based in Chandler, Arizona, Prochem has annual net sales of approximately $22 million.

Prochem’s equipment line includes truck-mounted and portable carpet, upholstery and hard surface cleaning machines, as well as a complete line of accessories. Prochem also manufactures professional-grade cleaning chemicals, including detergents, shampoos, spot and stain removers, and deodorizers. Its products are sold by distributors to professional cleaning contractors, primarily in North America.

In addition, RPM acquired 80 percent
of Arnette Polymers, LLC, a manufac-
turer of specialty chemical raw materi-
als. Excluding sales to the several RPM
subsidiaries it currently serves, Arnette
Polymers has annual net sales of nearly
$20 million. It will operate as part of the
RPM Performance Coatings Group.
Located in Richmond, Missouri,
Arnette Polymers specializes in resins,
hardeners, curing agents and other inter-
mediates for use in epoxy and polyure-
thane materials. The company is a key
supplier to major chemical producers,
distributors and end-user formulators.
“Arnette’s flexibility and ability to
produce from pilot to large scale batch-
es of both standard and niche materials
has made it a key supplier for
RPM subsidiaries over the last
several years,” stated Sullivan.
“With a good working rela-
tionship already in place, we intend
to leverage this acquisition to further
expand advantages in cost, supply and
product development within the RPM
supply chain.” CW

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