Legend Brands acquires Prochem

Discussion in 'the CleAn Room' started by Mikey P, Jan 4, 2017.

  1. Mikey P
    Mikey P

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    Wow!

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    Mike Roden returns..



    MEDINA, Ohio, Jan. 4, 2017 /PRNewswire/ -- RPM International Inc. (RPM) today announced that it has acquired two businesses, a manufacturer of commercial floor cleaning equipment and chemicals, and a manufacturer of specialty chemical raw materials. The companies have combined annual net sales of approximately $42 million. Terms of the transactions, which are expected to be accretive to earnings within one year, were not disclosed.

    RPM's Legend Brands business has acquired the Prochem business from the Kärcher North America Company, Inc. Prochem is a manufacturer of professional equipment and chemicals for cleaning and restoring carpet, upholstery and hard flooring surfaces. Based in Chandler, Arizona, Prochem has annual net sales of approximately $22 million.

    Prochem's equipment line includes truck-mounted and portable carpet, upholstery and hard surface cleaning machines, as well as a complete line of accessories. Prochem also manufactures professional-grade cleaning chemicals, including detergents, shampoos, spot and stain removers, and deodorizers. Its products are sold by distributors to professional cleaning contractors, primarily in North America.

    "We expect the addition of Prochem, which will be integrated into Legend Brands' current offering of professional cleaning products, to propel us into the leadership position in the professional cleaning market," stated Frank C. Sullivan, RPM chairman and chief executive officer. "There are a number of efficiencies to be gained by the combined businesses that we can leverage to the bottom line. Plus, we will be able to better serve customers as we now have cleaning chemical blending facilities on both the east and west coasts of the U.S."


    http://www.prnewswire.com/news-rele...annual-net-sales-of-42-million-300385734.html
    Last edited: Jan 4, 2017
  2. PrimaDonna
    PrimaDonna

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    I saw Auto post about it on one of the "other" pages.....
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  3. Willy P
    Willy P

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  4. Desk Jockey
    Desk Jockey

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    Wow! :shifty:
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  5. D Luke
    D Luke

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    Whaaaaat?!? Crazy.
  6. Mikey P
    Mikey P

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  7. Bob Pruitt
    Bob Pruitt

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    Last edited: Jan 4, 2017
  8. Willy P
    Willy P

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    RPM stock went up 1.16% on this deal. Might be time to look at adding it to my retirement portfolio.
  9. Willy P
    Willy P

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    Well you shameless hussy. Cheating on other boards- Does John know about this?
  10. Jim Martin
    Jim Martin

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    I told you years ago Sapphire was going to rule this industry..........
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  11. Jimmy L
    Jimmy L

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    NOT OF THIS WORLD!
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  12. Lee Stockwell
    Lee Stockwell

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    Heads will roll
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  13. PrimaDonna
    PrimaDonna

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  14. D Luke
    D Luke

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    Was surprising to hear that Prochem's net sales were "only" $22 million. Obviously that's a ton of money, but looking in from the outside I thought it would be more.
    Larrs, rick imby and Matt Wood like this.
  15. Ofer Kolton
    Ofer Kolton

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    Not good news at all. Way uncool.

    Less competition. Less choices. Eventually higher prices. Etc.

    Most definitely will be looking to support smaller players that can provide good products.
    CLEANMART, Russ T., Zee and 4 others like this.
  16. Mikey P
    Mikey P

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  17. Ofer Kolton
    Ofer Kolton

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    Isn't that the sad truth?

    I guess the old cast away ProChemians got the last laugh.
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  18. Bob Pruitt
    Bob Pruitt

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    I think once Karcher Group started painting the Prochem Equipment Gray... Mike Roden had had enough. Thinking gray PC's are about to become a collectors item.
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  19. Desk Jockey
    Desk Jockey

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    Big mistake...BIG...HUGE...BIC! Gray is the color for primer. :winky:
  20. Todd Millar
    Todd Millar

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    So is their new name going to be
    1. Le Chem
    2. Pro Gend
    3.Leprogendchem
    Time will tell......................:biggrin:
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