RPM International Inc. announced that its RPM2 business unit has agreed to acquire the Legend Brands group of companies, suppliers of equipment and solutions for water and fire damage restoration, professional cleaning and environmental control.
Terms were not disclosed.
Based in Burlington, Wash., Legend Brands has annual sales of more than $70 million and operates three companies: Dri-Eaz Products, a provider of tools for water-damage restoration and environmental control; ProRestore Products, a supplier of odor, smoke and microbial-control applications; and Sapphire Scientific, a provider of advanced carpet-cleaning chemicals, tools and equipment.
“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 C. 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.”
Legend Brands distributes products 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.
RPM International Inc. is the holding company for a group of businesses that manufacture and market specialty coatings, sealants, building materials, and related services serving industrial and consumer markets. Subsidiaries include Stonhard, Tremco, Carboline, Flowcrete, Zinsser, Rust-Oleum, and others.