12.17.18
RPM International Inc. said its Rust-Oleum group acquired Siamons International Inc., a provider of the Concrobium brand of non-toxic specialty mold cleaners.
Based in Ontario, Canada, Siamons has annual net sales of approximately $20 million.
Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
The Concrobium brand offers a wide range of non-toxic specialty mold cleaning solutions that can be used on both porous and non-porous surfaces, including wood, fabrics and drywall. It is sold primarily in big-box retailers, such as The Home Depot, Lowe’s and Menards.
As part of this acquisition, Rust-Oleum will strengthen Concrobium’s retail presence.
“The Concrobium brand is an excellent strategic fit that will expand Rust-Oleum’s specialty cleaning product portfolio, complementing its existing Krud Kutter, Mean Green, Roto-Rooter, Whink, Jomax, and Moldex brands and resulting in significant cost synergies and enhanced supply chain efficiencies,” said Frank C. Sullivan, chairman and CEO of RPM.
Based in Ontario, Canada, Siamons has annual net sales of approximately $20 million.
Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
The Concrobium brand offers a wide range of non-toxic specialty mold cleaning solutions that can be used on both porous and non-porous surfaces, including wood, fabrics and drywall. It is sold primarily in big-box retailers, such as The Home Depot, Lowe’s and Menards.
As part of this acquisition, Rust-Oleum will strengthen Concrobium’s retail presence.
“The Concrobium brand is an excellent strategic fit that will expand Rust-Oleum’s specialty cleaning product portfolio, complementing its existing Krud Kutter, Mean Green, Roto-Rooter, Whink, Jomax, and Moldex brands and resulting in significant cost synergies and enhanced supply chain efficiencies,” said Frank C. Sullivan, chairman and CEO of RPM.
