RPM International Inc. is a multinational holding company with subsidiaries that manufacture and market high-perfor- mance coatings, sealants and specialty chemicals, primarily for maintenance, repair and improvement applications. RPM
reported revenue for 2014 of $4.4 billion. The company employs
approximately 12,000 people and has 94 facilities in 24 countries.
In fiscal 2014, the company’s industrial products accounted for 63
percent of its total coating sales, with consumer products representing 37 percent. The Industrial segment’s operating groups include
RPM Building Solutions Group, which provides roofing systems,
sealants, corrosion control coatings, flooring coatings and specialty
chemicals. Leading brands include Tremco, Euco, Illbruck, Ston-hard, Flowcrete, Carboline, Vandex, API, Tamms, NulliFire, Ex-panko and Fritz Tile.
The Consumer segment’s operating groups include Rust-Oleum
Group, which provides rust-preventative and small project paints,
primer-sealers, wallcovering preparation and removal products,
wood stains and finishes,mildew resistant paints and hobbyist products. Major brands include Rust-Oleum, DAP, Zinsser, Restore,
Varathane, Wolman and Testors.
Recent Acquisitions
RPM’s tremco illbruck Group recently acquired Firetherm Intumescent & Insulation Supplies Ltd., the UK market leader in fire-stopping solutions for the construction industry. Based in Kent, near
London, England, Firetherm has annual net sales of approximately
$10 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
Firetherm manufactures and supplies a broad range of fire-stopping products, intumescent coatings, and fire-rated sealants
and fiber boards. They are primarily sold to specialist fire-stopping
contractors, general contractors and home builders who view the
company as a leading technical expert in the sector.
RPM2 Group has acquired Morrells Woodfinishes Ltd., the UK’s
largest manufacturer of high-performance wood finishes. Based outside of Manchester, Morrells has annual net sales of approximately
$33 million and nearly 150 employees. The company will remain a
stand-alone operation within RPM2’s Wood Finishes Group. Terms
of the transaction, which is expected to be accretive to earnings
within one year, were not disclosed.
Morrells designs, manufactures and distributes a portfolio of
high-performance wood coating systems. The Morrells product line
includes proprietary wood stains, lacquers, colorants and adhesives
for niche applications in the furniture, cabinetry, and building con-
struction and restoration sectors. Among its specialty coatings are
finishes that provide protection from fire, weather and bacteria. The
company’s products are sold under the Xerofire, Induro and Omnia
brands. Morrells also provides professional application equipment
and accessories under its Sprayshop brand. The company has an
extensive network of branches throughout the UK, which provide
local support to manufacturers for their particular needs.
Key Developments 2014
Always Innovating
Among the latest innovations from RPM’s operating companies is DAP
SmartBond, a polyurethane adhesive foaming gel that is faster and easier to use than traditional cartridge adhesives. One can of SmartBond
provides eight times the coverage of cartridge adhesives, shortening construction time and reducing
waste. For the ninth consecutive year, DAP received
the 2014 Golden Hammer Award from Home
Channel News, which recognized DAP as the premier supplier in the caulks and sealants category. In
addition, Rust-Oleum launched SpraySmart, a first
of its kind, patent-pending, propellant-free delivery
system for spraying marking paint.
The Best Home for Entrepreneurial Businesses
RPM has a reputation as being the best home for entrepreneurial
businesses in the coatings industry. This reputation was solidified
during RPM’s 2015 fiscal year ended May, 31, as the company acquired four companies with $61 million in total annual net sales.
The businesses that joined RPM include: Krud Kutter Inc., a producer
of specialty cleaners and removers; Spraymate Group, the producer
of South Africa’s leading aerosol paint brand; Morrells Woodfinishes
Ltd., the United Kingdom’s largest manufacturer of high-performance wood finishes; Firetherm Intumescent & Insulation Supplies
Ltd., the United Kingdom’s market leader in fire-stopping solutions
for the construction industry.
06RPM International Inc. Medina, Ohio/USA www.rpminc.com
PUBLIC COMPANY
YEAR ESTABLISHED: 1947
REVENUE: $4.4 billion s (2013: $4.1 billion)
MARKETS SERVED
• Roofing systems • Caulks and sealants
• Flooring systems • Corrosion control coatings
• Primers-sealers • Specialty paints
• Hobby and craft paints • Wood stains and finishes
• Rust-preventative paints
KEY EXECUTIVES
Frank C. Sullivan, chairman and CEO; Ronald A. Rice,
president and COO; Thomas Reed, Rust-Oleum Group;
John McLauglin, DAP Group; Steve Knoop, RPM2 Group;
Paul Hoogenboom, Tremco Group; Reiner Eisenhut,
Tremco Illbruck Group; David Reif, Performance Coatings
Group.
