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RPM Acquires Specialty Mold Solution Brand

Wednesday, January 2, 2019

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RPM International Inc. (parent company of brands such as Carboline, Tremco, Flowcrete and Rust-Oleum) recently announced that its Rust-Oleum group has acquired Siamons International Inc., provider of the Concroblum brand of non-toxic specialty mold cleaners.

The Ontario-based company has an annual net sales of approximately $20 million. Terms of the deal were not disclosed.

RPM

RPM International Inc. (parent company of brands such as Carboline, Tremco, Flowcrete and Rust-Oleum) recently announced that its Rust-Oleum group has acquired Siamons International Inc., provider of the Concroblum brand of non-toxic specialty mold cleaners.

The Concrobium brand offers a range of non-toxic specialty mold cleaning solutions that can be used on both porous and non-porous surfaces, including wood and drywall.

As part of the deal, Rust-Oleum says it will strengthen Concrobium’s retail presence, introduce it to new market categories and leverage its customer base to accelerate distribution of other specialty cleaning brands in Canada. In addition, Rust-Oleum will expand Concrobium on an international scale.

“The Concrobium brand is an excellent strategic fit that will expand Rust-Oleum’s specialty cleaning product portfolio, complementing its existing Krud Kutter, Mean Green, Roto-Rooter, Whink, Jomax and Moldex brands and resulting in significant cost synergies and enhanced supply chain efficiencies,” said Frank C. Sullivan, chairman and CEO of RPM.

“The addition of Concrobium will greatly enhance Rust-Oleum’s ability to offer a one-stop shopping solution to its retail partners, ultimately making it a leader in the specialty cleaning market.”

   

Tagged categories: Acquisitions; Asia Pacific; EMEA (Europe, Middle East and Africa); Good Technical Practice; Latin America; Mergers; North America; RPM; Rust-Oleum Corp.; Z-Continents

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