RPM International Inc. announced that its Rust-Oleum Group has acquired Krud Kutter Inc., a producer of cleaners and removers for residential, commercial and industrial environments. Based in Cumming, GA, Krud Kutter has approximately $13 million in annual sales. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
Krud Kutter specializes in problem solving cleaners and removers, which are water-based, bio-degradable, non-toxic and VOC compliant, while offering superior performance characteristics. The brand is sold across the country in home centers, hardware and paint stores, mass merchants and industrial supply outlets.
"Krud Kutter will allow Rust-Oleum to expand its current presence in specialty cleaners. The Krud Kutter® brand is expected to benefit from Rust-Oleum's marketing and category management expertise to further penetrate what is currently a fragmented market category," stated Frank C. Sullivan, RPM chairman and chief executive officer. "Krud Kutter President Ed Rice will continue to lead the business, and we are pleased to welcome him to the RPM family."
RPM Acquires Krud Kutter Cleaners and Removers
Published July 8, 2014
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