Medina, Ohio/USA
www.rpminc.com
PUBLIC COMPANY; YEAR ESTABLISHED: 1947
REVENUE: $7.3 billion (2022: $6.7 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; Bill Spaulding, Consumer Products Group;
Ronnie Holman, Specialty Products Group; Paul Hoogenboom, Construction Products Group; David Dennsteadt, Performance Coatings Group.
RPM International Inc. is a multinational holding company with subsidiaries that manufacture high-performance coatings, sealants, and specialty chemicals, primarily for maintenance, repair and improvement applications. The company has 177 facilities in 26 countries and employs approximately 17,300 people. In fiscal 2023 the company’s construction products accounted for 36% of its total coating sales, consumer products represented 35% and performance coatings represented 18%.
Key brands:
• Rust-Oleum: No. 1 brand recognition and market share position in the U.S. and Canada for the small-project paint category
• DAP: No. 1 brand recognition and market share position in the U.S. and Canada for the caulk and sealant residential market, and in the U.S. for wall and wood repair products
• Varathane: Leading market position in the U.S. and Canada for wood stains and finishes
• Zinsser: A leader in brand recognition and market share position in the U.S. market for specialty primers and sealers and wallcovering sundries
• DayGlo: World’s largest manufacturer of daylight fluorescent
pigments
• Legend Brands: A leading manufacturer of professional restoration and cleaning solutions
• Mantrose-Haeuser: A leading manufacturer of superior edible coatings and specialty solutions for the pharmaceutical, confectionery, agricultural, food and industrial industries
• Stonhard: Leading manufacturer of high-performance, seamless epoxy and urethane flooring, wall and lining systems for industrial and commercial applications
• Carboline: Leading U.S. distributor of high-performance industrial coatings, linings and fireproofing products that protect steel and concrete substrates from corrosion and fire damage
• Tremco: Leading provider of roofing and building envelope materials and services, including construction sealants, waterproofing systems, air barriers and firestopping solutions
• Dryvit: North America’s leading manufacturer and supplier of specialty exterior cladding solutions
Recently launched products:
• DAP’s 2-in-1 Wall & Ceiling Spray Texture allows DIYers to tackle wall, ceiling and hard to reach areas with just one can. DAP’s Aim Tech adjustable nozzle can be easily rotated upwards to spray at almost any angle while achieving maximum coverage.
• Euclid Chemical’s VERSASPEED RMC, is a fast-setting, one-component, cementitious repair mortar that is shrinkage compensated, pozzolan and microfiber modified, and contains an integral
corrosion inhibitor.
2023 Success Stories
In 2023, RPM increased its cash dividend for the 50th consecutive year.
In 2023, RPM neared the completion of its Innovation Center of Excellence in Greensboro, North Carolina. It officially opened in 2024. This center is overseen by SPG and serves as a shared resource for all four segments to encourage further collaboration and accelerate the introduction of new coatings products.
In October 2022, the company announced the details of its MAP 2025 (Margin Achievement Plan) operational improvement initiative with the goals to achieve $8.5 billion in annual revenue, 42 percent gross margin and 16 percent adjusted EBIT margin on a run-rate basis by May 31, 2025.
In September 2021, RPM’s Construction Products Group purchased a chemical manufacturing facility in Corsicana, Texas. An explosion at a supplier’s plant resulted in a major supply disruption, which had an acute negative impact on the Consumer Group. Corsicana began producing raw materials to fill the gap.
This collaboration between segments played a critical role in helping RPM rebound from the supply chain disruption, contributed to strong sales in the first half of fiscal year 2023, and significantly helped CPG more than quadruple its intercompany sales since fiscal year 2018. Corsicana is now producing raw materials for all four segments.