Coatings manufacturer makes another acquisition
RPM International, the maker of Zinsser, Rust-Oleum, DAP, Varathane, and other specialty coatings and adhesives, has signed an agreement to acquire Legend Brands, a provider of equipment and solutions for water and fire damage restoration, professional cleaning and environmental control. Based in Burlington, Wash., Legend Brands has annual sales of more than $70 million. Terms of the transaction were not disclosed.
Legend Brands is comprised of three companies: Dri-Eaz Products, a provider of tools for water damage restoration and environmental control; ProRestore Products, providing odor, smoke and microbial control applications; and Sapphire Scientific, a provider of advanced carpet cleaning chemicals, tools and equipment.
Legend Brands has distribution in 15 countries and customers in 20 countries. It will remain a stand-alone operation within RPM2 and will continue to be led by its existing management team, headed by CEO Bill Bruders.
“Many of the products and services within the RPM portfolio of companies have traditionally focused on protecting the built environment from harmful and corrosive elements," said Frank Sullivan, RPM chairman and CEO. "Legend Brands will extend our reach a step further - to the restoration of property when the elements do infiltrate a structure. We will continue to seek acquisitions, like Legend Brands, that are in adjacent categories to our traditional markets, but still fit strategically."
Last month, RPM acquired an Italian flooring and deck coating business.