The Industrial Segment’s operating groups include RPM Building Solutions Group, which provides roofing systems, sealants and concrete admixtures. Leading brands include Tremco, Tremco illbruck and Euco. RPM Performance Coatings Group includes polymer floor coatings, corrosion control coatings and fiberglass reinforced plastic grating. Its primary brands include Stonhard, Carboline and Fibergrate. RPM II Group offers specialty chemicals, exterior insulation and finish systems and recreational marine coatings. Major brands include Day-Glo, Dryvit, Kop-Coat and Pettit.
RPM’s consumer products are sold primarily in North America and have a growing presence in Europe, predominantly in the UK. The Consumer Segment’s operating groups include Rust-Oleum Group, which provides rust-preventative and small project paints, primer-sealers, wallcovering preparation and removal products, wood stains and finishes, mildew resistant paints and hobbyist products. Major brands include Rust-Oleum, Zinsser, Varathane, Tor and Testors. DAP Group markets caulks, sealants and patch and repair products under the DAP brand.
During the year RPM’s Building Solutions Group (RPM BSG) signed an agreement to acquire FEMA Farben + Putze GmbH (FEMA GmbH) of Ettlingen, Germany. FEMA GmbH, with annual sales of more than $40 million, is a manufacturer and supplier of external insulating and finishing systems (EIFS) and complementary product lines to the German and French construction markets.
The Performance Coatings Group acquired the Grupo P&V group of companies, a leading European vertically integrated supplier of passive fire protection and insulation products. Headquartered in Barcelona, Spain, and with manufacturing in Villarana, Grupo has annual sales of approximately $23 million. Grupo manufactures, markets and installs expanded perlite and vermiculite for passive fire protection, soundproofing, and cryogenic and heat insulation applications.
The RPM Wood Finishes Group, a manufacturer of wood coatings and touch-up and repair products, acquired Fuhr Industrial, a provider of waterborne wood coating products and technologies based in Mansfield, Texas. The combining of RPM’s waterborne technologies with CCI’s industrial wood coatings line better enables Fuhr to service the North American wood coatings markets with environmentally friendly products.
The Performance Coatings Group during the year also acquired API S.p.A., a $28 million producer and installer of polyurethane and urethane-based flooring and decking solutions for cruise ships, mega-yachts and naval applications. Based in Genoa, Italy, API also produces epoxy and polyurethane flooring systems for the Italian building market.
Rust-Oleum product innovations
Rust-Oleum introduced several product innovations in 2011. Countertop Transformations is a do-it-yourself (DIY) decorative coating system that can replicate the look of sought-after countertop materials like natural stone. It features HomeShield Antimicrobial Protection to protect the painted surface by inhibiting the growth of mold, mildew and other odor or stain-causing microbes.
Rust-Oleum Professional Dry Erase Paint is another new product that creates a writeable, erasable surface on walls in conference rooms, offices, classrooms, dorm rooms, lobbies or anywhere a dry erase surface is desired. The two-part water-based urethane coating can also be used to convert existing chalkboards or dry erase boards to new dry erase surfaces, making it an alternative to replacement.
YEAR ESTABLISHED: 1947
REVENUE: $3.381 billion (2010: 3.4bn)
• Roofing systems
• Caulks and sealants
• Flooring systems
• Corrosion control coatings
• Specialty paints
• Hobby and craft paints
• Wood stains and finishes
• Rust-preventative paints
Frank Sullivan, chairman and CEO; Ronald Price, president and COO; Paul Hoogenboom, senior VP manufacturing operations and CIO; Robert Matejka, senior VP and CFO; Business managers: Thomas Reed, Rust-Oleum Group; David Reif, Performance Coatings Group; Randall Korach, Building Solutions Group; John McLaughlin, DAP Group; Michael Tellor, RPM II Group.