RPM International – RPM – Acquires Leading Nail Enamels Business
RPM International Inc. (NYSE: RPM) announced that it has acquired Kirker Enterprises, Inc., a leading manufacturer of nail care enamels, coatings components and related products for the personal care industry. Based in Paterson, New Jersey, Kirker has annual sales in excess of $100 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
“Kirker will operate as a stand-alone company within our RPM2 business group and continue to provide its customers the same level of outstanding service and innovation to which they are accustomed. Through our many companies, RPM has among the broadest coatings technologies in the world, and Kirker will be able to access these technologies to bring even more innovation to the personal care industry,” stated Frank C. Sullivan, RPM chairman and chief executive officer. ”We’re proud to have Kirker’s management team join RPM.”
About RPM International – RPM
RPM International Inc.( RPM), a holding company, owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services serving both industrial and consumer markets. RPM’s industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial brands include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Universal Sealants and Euco. RPM’s consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane and Testors.
RPM International Inc. (RPM) through its subsidiaries manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company’s products includes those marketed under brand names, such as Carboline, DAP, EUCO, Fibergrate, Flecto, Flowcrete, Hummervoll, Universal Sealants, illbruck, Rust-Oleum, Stonhard, Tremco, Watco and Zinsser. RPM’s business is divided into two segments: the industrial reportable segment (industrial segment) and the consumer reportable segment (consumer segment). The industrial segment (RPM Building Solutions Group, Performance Coatings Group and RPM2 Group) includes maintenance and protection products for roofing and waterproofing systems, flooring, corrosion control and other specialty applications. The consumer segment (Rust-Oleum Group and DAP Group) includes rust-preventative, special purpose and decorative paints, primers and other consumer products.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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