04. RPM International Inc.
Medina, Ohio/USA
www.rpminc.com
PUBLIC COMPANY; YEAR ESTABLISHED: 1947
REVENUE: $4.8 billion s (2015: $4.594 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; Terry Horan, DAP Group; Steve Knoop, Specialty Products Group;
Paul Hoogenboom, Tremco Group; Reiner Eisenhut, Tremco Illbruck Group; David Reif,
Performance Coatings Group.
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 2016 of $4.8 billion. The company employs
approximately 13,000 people and has 120 facilities
in 26 countries. In fiscal 2016, the company’s industrial products accounted for 51 percent of its total
coating sales, consumer products represented 35 percent and specialty coatings represented 15 percent.
The Industrial segment’s operating groups include
Tremco, Stonhard, Carboline and Tremco illbruck.
The Specialty segment’s operating groups are Day-Glo, Dryvit, Mohawk and Petit.
The Consumer segment’s operating groups include Rust-Oleum
Group, DAP, Varathane, Zinsser and Testors.
RPM has signed an agreement to acquire SPS Group, a Dutch
decorative and specialty coatings company with annual net sales of
approximately $60 million. Located about an hour south of Amsterdam, SPS will operate as part of RPM’s Rust-Oleum European business. Terms of the transaction were not disclosed. It is expected to
be accretive to earnings within one year, excluding one-time costs.
SPS offers a complete line of topcoats for interior and exterior
walls, primers, lacquers, floor and roof coatings, metal coatings,
wood stains and finishes, plasters and more. Its major customers
are large home center chains and builder merchants based in the
Netherlands. Its products are used by painters, plasterers, industry
and do-it-yourselfers.
“By leveraging the manufacturing and distribution strengths of
SPS, we expect this acquisition to accelerate Rust-Oleum’s growth
in the Netherlands and other nearby European countries,” stated
Frank C. Sullivan, RPM chairman and chief executive officer. “It
will also allow the existing customer base of SPS to benefit from
Rust-Oleum technologies and innovations.”
Brands Overview
RPM has a diverse portfolio with hundreds of brand name products,
many of which hold the leadership position in terms of market share
and sales in the markets they serve.
According to the company, brand leadership affords RPM’s operating companies a number of advantages, including the ability
to command premium pricing, shorten sales cycles and gain repeat
purchases due to brand loyalty. These benefits are what make brand
leadership a key element in RPM’s growth strategy in its consumer,
industrial and specialty segments.
RPM At a Glance
Key Brands:
• Rust-Oleum: No. 1 brand recognition and market share position in
the U.S. and Canada in the rust-preventative, decorative, specialty
and professional segments of the small-project paint category
• Varathane: No. 1 market position in Canada and No. 2 in the U.S.
offering interior wood stains, finishes, wood repair and mainte-
nance products
• Zinsser: A leader in brand recognition and market share position
in the U.S. market for specialty primers and sealers and wallcover-
ing sundries
• Pettit: The global market leader in water-based antifouling paints
for the marine industry
• Stonhard: No. 1 global supplier of industrial, high-performance
polymer flooring systems
• Carboline: No. 1 U.S. supplier and a leading global supplier of
industrial, high-performance corrosion control coatings
Fiscal 2017 Acquisitions:
• Duram Industries Pty Ltd., commercial waterproofing coatings
• Applied Polymerics Inc. and Marketing Associates Inc., construc-
tion coatings for infrastructure
• Specialty Polymer Coatings, Inc., high-performance coatings for
the global oil and gas pipeline market
• Adhere Industrial Tapes Ltd., single- and double-sided foam tapes
for construction
• SPS Group, consumer coatings, primers, stains and lacquers
• Clayton Corporation foam division, the Touch ‘n Foam consumer
brand of spray-polyurethane foam products
• Prochem, equipment and chemicals for cleaning flooring surfaces
• Arnette Polymers LLC, resins for epoxy and polyurethane materials
• Prime Resins, polyurethane and epoxy grouts, foams, adhesives
and coatings for infrastructure construction and repair
Frank C.
Sullivan
