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17.06.25 - 12:51
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RPM Announces Strategic Acquisition of Ready Seal Inc. (Business Wire)
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MEDINA, Ohio--(BUSINESS WIRE)--RPM International Inc. (NYSE: RPM) today announced the acquisition of Ready Seal Inc. (Ready Seal), a Texas-based manufacturer of premium exterior wood stains, for its Rust-Oleum business in the Consumer Group. Ready Seal's high performance and user-friendly “Goof-Proof™” stain-and-sealer-in-one can be applied in hot or cold conditions, does not show lap marks, and does not require back brushing. Ready Seal generated calendar year 2024 sales of approximately $45 million. Terms of the transaction were not disclosed.
This strategic acquisition strengthens Rust-Oleum's portfolio of exterior wood care products, a segment that continues to gain traction among professional contractors and DIY enthusiasts. Additionally, Rust-Oleum is positioned to leverage its sales force and distribution channels to accelerate sales of Ready Seal's products.
“We welcome Ready Seal's employees and easy to use 'Goof-Proof' products to RPM,” said Frank C. Sullivan, CEO of RPM. “This...
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01.05.25 - 12:48
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RPM Completes Acquisition of The Pink Stuff (Business Wire)
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MEDINA, Ohio--(BUSINESS WIRE)--RPM International Inc. (NYSE:RPM) today announced that it has completed the previously-announced acquisition of the Star Brands Group, the UK-based parent company of The Pink Stuff, for its Rust-Oleum subsidiary. The Pink Stuff is now part of the Consumer Group's Rust-Oleum cleaners business.
The Pink Stuff is a globally recognized leader in household cleaning products. Best known for its iconic cleaning paste, vibrant branding and signature scent, The Pink Stuff has achieved rapid growth, evolving into one of the fastest-growing brands in the U.S. household cleaners category, in addition to its growing presence in Europe and other global markets.
The Pink Stuff generated calendar year 2024 net sales of approximately £150 million; terms of the agreement were not disclosed.
About Rust-Oleum
For more than a century, Rust-Oleum® has been a global leader in manufacturing innovative coatings that empower do-it-yourselfers and professionals alike across categories including sma...
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08.04.25 - 12:51
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RPM Reports Fiscal 2025 Third-Quarter Results (Business Wire)
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Third-quarter sales of $1.48 billion, a decrease of 3.0% compared to the prior year
Third-quarter net income of $52.0 million, diluted EPS of $0.40, and EBIT of $62.7 million
Third-quarter adjusted diluted EPS of $0.35 and adjusted EBIT of $78.2 million
Third-quarter cash provided by operating activities of $91.5 million, second highest third-quarter amount in company history
Fiscal 2025 fourth-quarter outlook calls for flat sales and adjusted EBIT to be up in the low-single-digit percentage range
MEDINA, Ohio--(BUSINESS WIRE)--RPM International Inc. (NYSE: RPM), a world leader in specialty coatings, sealants and building materials, today reported financial results for its fiscal 2025 third quarter ended February 28, 2025.
Frank C. Sullivan, RPM chairman and CEO commented, “The unfavorable weather conditions we discussed in early January continued and became more widespread as the third quarter progressed. Unseasonably cold weather in the southern U.S. and wildfires in the west reduced demand in geograp...
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