September 22, 2011 – Burlington, Wash. At a company-wide meeting this morning, Legend Brands CEO Bill Bruders announced that RPM International has signed an agreement to purchase the Legend Brands family of companies, including Dri-Eaz Products, ProRestore Products and Sapphire Scientific. Effective September 30, the Legend Brands companies will become part of RPM2, a unit of RPM International.
RPM is a $3.4
billion multinational holding company with subsidiaries that manufacture and
market high-performance coatings, sealants and specialty chemicals, primarily for
maintenance, repair and improvement applications.
management team and I are very excited to become part of the RPM family,” said
Bruders. “In terms of corporate culture and management philosophy, this a great
fit. Being acquired by RPM will open many doors for us.” The Legend Brands
acquisition is RPM’s first major investment in equipment manufacturing.
sales agreement, Legend Brands will remain a stand-alone operation within RPM2
and will continue to be led by its existing management team and headed by
Dri-Eaz Products, ProRestore, and Sapphire Scientific, represent 140 years of
combined experience with producing specialty chemical products and equipment
for carpet cleaning, water and fire damage restoration and commercial cleaning
relationship with RPM will give us both the stability we need and provide great
new opportunities for growth,” said John Ormsby, President of Dri-Eaz and
In a memo
addressed to all Legend Brand employees, Mike Tellor, Group President of RPM2,
notes that when he met Bruders nine months ago and toured the Dri-Eaz
facilities, he was impressed by the company’s ability to innovate and its
potential for growth. “It was immediately obvious that Legend Brands would be a
great addition to the RPM family,” he wrote.
industrial companies include Stonhard, Chemspec, Carboline, Tremco, and
Flowcrete. Consumer brands include Rust-Oleum, Zinsser, DAP and Wolman. RPM is
headquartered in Medina, Ohio.
information about RPM International is available at www.rpminc.com.
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